The Foxwoods and Mohegan Sun casinos in Connecticut have been taking people out of their home states for years. Gamblers would come from different areas to spend their money in the Connecticut casinos.
That trend is slowly changing. Bordering states now have casinos of their own. With casino expansion growing around the country, it is becoming easier for people to stay in their own states to gamble.
Rhode Island is one state that is an example of people not wanting to go far to spend their gambling dollars. A recent study by the University of Massachusetts at Dartmouth has shown that for the first time, gamblers are not going to Connecticut to wager.
Newport Grand and Twin River are the two casinos that are reaping the benefits of keeping Rhode Islanders at home. The two casinos had about $271 million spent in them.
Around $261 million was spent at Foxwoods and the Mohegan Sun. If the estimations are correct, that means that about ten million more dollars was spent by citizens at casinos within their states.
That figure should only grow over the next few years. Revenue for the two casinos was estimated at $148 million. With more states moving towards legalizing casino gambling, it has become increasingly difficult for tourist destinations like the two in Connecticut to keep their numbers up.
Source:http://www.casinogamblingweb.com/ |