Maybe this is why an Independent Cost Benefit Analysis is needed?
NEW GAMBLING REGULATION TO COST $5 MILLION, ACCORDING TO SPEAKER’S OFFICE: The expanded gambling market called for under legislation proposed by Speaker Robert DeLeo would require $5 million in costs to cover new state regulatory and enforcement expenses, but the industry would pick up the tab, according to a DeLeo aide.
NEW GAMBLING REGULATION TO COST $5 MILLION, ACCORDING TO SPEAKER’S OFFICE: The expanded gambling market called for under legislation proposed by Speaker Robert DeLeo would require $5 million in costs to cover new state regulatory and enforcement expenses, but the industry would pick up the tab, according to a DeLeo aide.
DeLeo spokesman Seth Gitell said the estimate of state costs the gambling industry would reimburse is $5 million.
The bill creates a five-member Massachusetts Gaming Commission to oversee the expanded industry, establishes a Division of Gaming Enforcement in the attorney general's office to work with the gaming commission to enforce criminal violations of gaming laws; creates a gaming enforcement unit within the State Police; and establishes new crimes of money laundering and enterprise crime in connection with industry expansion.
The Racing Commission costs ~ $4.4 million supervising 4 tracks, 2 of which no longer have live racing.
Speaker "Racino" DeLeo would have us believe that adding 3 24/7 365 casinos and converting 4 race tracks into 24/7 365 slot parlors, adding 3 enforcement agencies will only cost an additional $600,000? Or does he mean that taxpayers will pick up the rest of the tab?
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