Thousands of jobs and hundreds of millions of dollars in tax revenues would fall like manna from gambling heaven. For two decades, that’s been the big talking point behind the push to bring casinos to Massachusetts.
Hyperbole was always part of the pitch. But today, the rosiest projections seem ever more fanciful. Just as Massachusetts starts to bank on the money, the glitter is wearing off the industry. No matter how glitzy the drawings for the next gambling mecca, the business itself looks old, tired, and battered by competition — not just from new online gambling options but from other old-school casinos.