FISCAL IMPACT ANALYSES
OF
LOTTERY GAMING FACILITIES
IN
NORTHEAST ZONE
SEPTEMBER 2008
MERIDIAN
Business Advisors
Study Purpose
Estimate the Financial Impact on State and
Local Governments’ Budgets
Of the Proposed Lottery Gaming Facilit...
Study Purpose (Continued)
To Determine if the Lottery Gaming Facilities
Will Cause a Financial Surplus or Deficit
To Local...
Methodology
• Compare Proposers’ Estimated Public Sector
Revenue and Costs to Consultant’s Estimate
• 5-Year Fiscal Impact...
Revenue and Cost Estimates
Revenue Estimated:
Gaming Revenue Sharing
Property Tax
Sales Tax
Income Tax
Building Permit Fee...
Legends Sun Casino
5-Year Summary
MERIDIAN
Business Advisors
State of KC School Bonner Edwards- Unified
Kansas District Sp...
Pinnacle Entertainment
5-Year Summary
MERIDIAN
Business Advisors
State of KC School Bonner Edwards- Unified
Kansas Distric...
Kansas Entertainment
5-Year Summary
MERIDIAN
Business Advisors
State of KC School Bonner Edwards- Unified
Kansas District ...
Golden Heartland
5-Year Summary
MERIDIAN
Business Advisors
State of KC School Bonner Kansas Wyandotte Edwards-
Kansas Dist...
Northeast Zone Comparison
MERIDIAN
Business Advisors
*Golden Heartland will be located in Edwardsville, KS, not Kansas Cit...
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Wyandotte presentation

  1. 1. FISCAL IMPACT ANALYSES OF LOTTERY GAMING FACILITIES IN NORTHEAST ZONE SEPTEMBER 2008 MERIDIAN Business Advisors
  2. 2. Study Purpose Estimate the Financial Impact on State and Local Governments’ Budgets Of the Proposed Lottery Gaming Facilities MERIDIAN Business Advisors
  3. 3. Study Purpose (Continued) To Determine if the Lottery Gaming Facilities Will Cause a Financial Surplus or Deficit To Local Governments’ Budgets MERIDIAN Business Advisors
  4. 4. Methodology • Compare Proposers’ Estimated Public Sector Revenue and Costs to Consultant’s Estimate • 5-Year Fiscal Impact Summary Captures Findings • Fiscal Data Collected through Telephone Interviews with Government Representatives MERIDIAN Business Advisors
  5. 5. Revenue and Cost Estimates Revenue Estimated: Gaming Revenue Sharing Property Tax Sales Tax Income Tax Building Permit Fees Lodging Tax Developer/Proposers’ Contribution Costs Estimated: Law Enforcement Fire Protection/Emergency Medical Services Public Works Education Administrative Overhead MERIDIAN Business Advisors
  6. 6. Legends Sun Casino 5-Year Summary MERIDIAN Business Advisors State of KC School Bonner Edwards- Unified Kansas District Springs ville Government Revenue 183,625,000$ 24,863,000$ 2,376,000$ 1,500,000$ 61,828,000$ DC* - - - - 15,065,000 Costs - - - - 4,142,000 Surplus/ Deficit 183,625,000$ 24,863,000$ 2,376,000$ 1,500,000$ 72,751,000$ *DC-Developer's Contribution
  7. 7. Pinnacle Entertainment 5-Year Summary MERIDIAN Business Advisors State of KC School Bonner Edwards- Unified Kansas District Springs ville Government Revenue 182,117,000$ 28,326,000$ 2,732,000$ 1,725,000$ 61,157,000$ DC* - - - - 4,000,000 Costs - - - - 4,093,000 Surplus/ Deficit 182,117,000$ 28,326,000$ 2,732,000$ 1,725,000$ 61,064,000$ *DC-Developer's Contribution
  8. 8. Kansas Entertainment 5-Year Summary MERIDIAN Business Advisors State of KC School Bonner Edwards- Unified Kansas District Springs ville Government Revenue 206,679,000$ 27,351,000$ 3,149,000$ 1,988,000$ 70,069,000$ DC* - - - - - Costs - - - - 4,698,000 Surplus/ Deficit 206,679,000$ 27,351,000$ 3,149,000$ 1,988,000$ 65,371,000$ *DC-Developer's Contribution
  9. 9. Golden Heartland 5-Year Summary MERIDIAN Business Advisors State of KC School Bonner Kansas Wyandotte Edwards- Kansas District Springs City County ville Revenue 182,897,000$ 20,227,000$ 213,000$ 4,281,000$ 25,009,000$ 23,234,000$ DC* - - - - - 6,972,000 Costs - - - - 841,000 3,882,000 Surplus/ Deficit 182,897,000$ 20,227,000$ 213,000$ 4,281,000$ 24,168,000$ 26,324,000$ *DC-Developer's Contribution
  10. 10. Northeast Zone Comparison MERIDIAN Business Advisors *Golden Heartland will be located in Edwardsville, KS, not Kansas City and therefore will have different cost and revenue structures from the other three casinos. Wyandotte County and Kansas City surplus incurred for Golden Heartland is shown under Unified Government above. 5-Year Summary State of KC School Bonner Edwards- Unified Kansas District Springs ville Government* Surplus/Deficit Legends Sun 183,625,000$ 24,863,000$ 2,376,000$ 1,500,000$ 72,751,000$ Pinnacle 182,117,000 28,326,000 2,732,000 1,725,000 61,064,000 KS Entertaintment 206,679,000 27,351,000 3,149,000 1,988,000 65,371,000 GoldenHeartland 182,897,000 20,227,000 213,000 26,324,000 28,449,000

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