Standard industry practice is to overstate revenue projections, as Granite State Coalition Against Expanded Gambling explained --
Cannery Casino’s tax revenue projections of $168 million per year are significantly overstated. As in most other casino states, the revenue shortfall will become a trap, forcing the legislature to allow more machines at more locations to meet revenue targets.
The projections assume Net Machine Revenues of $307 per slot per day, about the rate at the Foxwoods destination casino, far above the $231 at the three Delaware racinos, and far above most other racino states.
Our state Attorney General, the New Hampshire Chiefs of Police and the New Hampshire Sheriffs Association all vigorously oppose legalized casinos because of their direct experience with casino crime. A 2007 member survey among the Chiefs disclosed overwhelming opposition.
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