New Hampshire Paying Connecticut

According to the latest estimates, New Hampshire residents are paying the state of Connecticut roughly $11 million a year for their treasury. The New England Gaming Research Project at the University of Massachusetts at Dartmouth has discovered that with all of the residents of NH heading over the state line to play the slot machines, they are giving Connecticut a nice chunk of change each year.

Roughly $85 million was spent by NH residents on Conn. slot machines, and the $11 million is just the taxes on that money that the state collects. Considering that there are 13,200 slot machines in the state between Foxwoods and Mohegan Sun, as well as the hotels, etc. that they stay at – it is quite lucrative for the state to be in the gambling business.

The study found that the slot machines at Foxwoods are averaging $326 a day, and the slot machines at Mohegan Sun are averaging $416 a day – higher than anywhere else in the county. The Millennium Group is estimating that if they add slot machines to Rockingham Park and make it a racing that they would be looking at somewhere around $403 million a year in annual gaming revenues, or $365 a day.

Experts say that they may be overestimating the amount of money that the slot machines would bring in at the racino, but based on the figures of the other two casinos, it may not be that far out of the park. They say that if Maine goes ahead and adds slot machines near NH, all of those numbers could easily drop.

There is also talk of Massachusetts adding slot machines to two locations, which would negatively affect existing casinos as well. With word coming down this week from their governor as to whether or not they will add slot machines, everyone else could be looking at some serious belt tightening.
 

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