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Bangor vs. Revere

Revenue from Hollywood Casino

What Bangor and the state of Maine received in 2013:

 Net revenueHost municipalityDistribution to state
Slot machines$47.3 million$1.4 million $16.6 million
Table games$7.4 million$148,000$1.2 million
Total$54.7 million$1.6 million$17.8 million

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SOURCE: Maine Gambling Control Board, City of Bangor

What’s the difference?

What Revere would get if the host agreement with Mohegan Sun is approved by voters, and the state awards the Greater Boston resort casino license to Suffolk Downs, compared with what the city would have received if Caesars Entertainment remained on the license application:

Mohegan SunCaesars Entertainment
Initial payments$33 million paid in four installments, starting with $6 million July 15, 2014, and then  $9 million annually until July 15, 2017.$8 million paid in two $4 million installments, on July 15, 2014,  and May 1, 2016.
Community impact fee $25 million in years 1-3, $28 million in years 4-6, and $30 million in year 7 and after, or a percentage of gambling revenues, whichever amount is higher.  Minimum payments of $4.2 million to $9 million in the first 5 years of operation, or a percentage of gambling revenues, whichever amount is higher. 
Job opportunitiesRevere residents get hiring preference for 10 percent of 2,500 temporary construction jobs, and 20 percent of 4,000 permanent jobs.Revere residents get hiring preference for 10 percent of 2,500 temporary construction jobs, and at least 10 percent of 4,000 permanent jobs.
Local business $10 million annual spending at city businesses.$750,000 annual spending at city businesses.
Community projects$2 million to renovate high school football stadium; $1 million for  new youth center; $250,000 annual grant to promote economic development.$2 million to renovate high school football stadium; $1 million for a new youth center; fund master plan for study  of redevelopment of the closed Wonderland Greyhound Park.
Transportation$38 million improvements to routes  1, 1A, and 16, and regional roads leading to the casino development.$30 million improvements to routes 1, 1A, and 16,  and regional roads leading to the casino development.

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SOURCES: Mohegan Sun; Suffolk Downs

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