Business and the Economy
Study Estimates the Impact of Casinos on Economy
Allowing casinos at eight Kentucky racetracks would have an estimated $1.7 billion economic impact on the state during the casinos' first full year of operation, according to a study released Monday by the Kentucky Chamber of Commerce. That would include $464.7 million in gaming tax revenue, $164.6 million of which would go to racing-industry programs, according to the Kentucky Gaming Market Analysis and Impacts Report, which was paid for by racing-industry interests. Eight casinos also would create nearly 11,000 full-time jobs with a payroll of $289.3 million, the study found.