AMHERST, Mass. (WWLP) – A recent report from the Social and Economic Impacts of Gambling in Massachusetts (SEIGMA) research team at UMass Amherst reveals the impact that state casinos have had within the last decade.
The report focuses on how casinos have impacted the real estate conditions in the host and surrounding communities that are home to the Commonwealth’s major three casinos: Plainridge Park Casino, MGM Springfield and Encore Boston Harbor. Additionally, the data amplified that the “expansion of gambling in Massachusetts has not had a dramatic effect on the local commercial real estate markets.”
Recent findings were released during a meeting held by the Massachusetts Gaming Commission on Thursday, October 24. The report “examined housing and real estate conditions in host cities prior to the announcement of the respective licenses. Casino proponents and critics, respectively, have argued about the potential impact of casinos on their communities.”
- “While commercial real estate conditions in the host and surrounding communities have shifted over time, many of these shifts are in line with changes observed regionally or statewide.”
- “The study period corresponds with a period of strong economic growth in the Commonwealth in general, and in the Greater Boston region in particular, so while there are many indicators of growth in the commercial real estate market, it is difficult to attribute many of those to the casinos.”