Legislatures from across the state announced their support for the “Connecticut Jobs and Revenue Act” (CJRA), which they say would enhance the partnership between Connecticut and Mohegan and Mashantucket Pequot tribes.
The CJRA would authorize an entertainment and gaming facility in Bridgeport, calling for a minimum investment by the two tribes of $100 million.
This is expected to create 1,000 construction jobs and 500 permanent jobs at the development. It is also projected to generate $15 million annually for the state.
The bill would also allow the tribes to conduct sports betting both at tribally owned facilities and through mobile applications, and allow for internet gaming.
Sports betting is projected to bring in $33 million, with internet gambling bringing in an additional $87 million, over the next 5 years.
State Senator Cathy Osten (D-Sprague) released the following statement on the bill:
“If the goal of the debate around gaming is to maximize the number of jobs and the amount of revenue for Connecticut, then this bill is the solution. This legislation will deepen our partnership with two of our biggest employers and our large single taxpayers – the Mashantucket Pequot and Mohegan tribes. With slot revenues showing a steady and gradual decline because of increased competition, we can’t afford to kick the can down the road. The time to act on this legislation is now.”
State Senator Dennis Bradley (D-Bridgeport) added:
“Bridgeport is a city that’s reinventing itself, with new restaurants and retail outlets that are already drawing people from outside the city. When we pass this bill, we’re going to put that reinvention into high gear, with new jobs for residents and new taxes for municipal government. This is historic and has been a long-anticipated plan that now will be realized because of our joint efforts to place Connecticut back on the map, and I urge all of Connecticut’s elected leaders to support this bill.”