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Wed June 19, 2013
Windfall Expected From Table Games Opening at Twin River
Rhode Island expects to pocket six-and-a-half million dollars just from table games in the next fiscal year.
Fred Carstensen is an economist at the University of Connecticut who has been studying casino gambling in that state. He said as casinos open in Massachusetts, Rhode Island should expect to get a smaller piece of the casino pie.
"It’s not a bottomless pit, you’re shifting money away from other activities and frankly it doesn’t really create value," said Cartensen.
Carstensen said more than 75 percent of the money spent at Connecticut casinos comes from out-of-state gamblers. And the state is bracing for smaller revenues once table games open in Rhode Island.
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