Study: Tiverton Casino Would Bring In More Tax Money, Jobs
TIVERTON, R.I. (AP) — Twin River Management Group released an economic impact study that shows Rhode Island stands to gain millions of dollars if the group obtains approval to build a new casino in Tiverton.
The Providence Journal reports the study, released Tuesday, found that the state would see a net increase of 791 jobs, $30.2 million in tax revenue and $64.5 million in new economic activity by 2019.
The study takes into account the closure of the Newport Grand slots parlor as well as potential competition from a proposed casino in Taunton, Massachusetts.
Without the Taunton casino, Rhode Island's gains would climb to 1,118 jobs, $53.3 million in tax revenue and $100.2 million in new economic activity.
A November ballot question asks voters to decide the Tiverton casino's fate.