A proposed $700 million casino at the Kansas Speedway in Wyandotte County would generate more than $203 million in gambling revenues in 2013, according to a report provided to the state’s Lottery Gaming Facilities Review Board.
The board is meeting this week in Topeka to consider the consultants’ report and heard additional presentations from casino developers. A decision on issuing a gaming license is expected by Dec. 1.
The expanded gaming law passed by the Kansas Legislature in 2007 stipulates that casinos could be built and operated by private companies, but are owned by the state. The state will receive at least 22% of a casino’s net annual revenue, with local governments getting 3%.
The law limits the casinos to Wyandotte County, Cherokee County, Sumner County, and Ford County.
The economic study said construction of the Kansas Speedway project would create 2,000 jobs and produce $215 million in direct and indirect economic impact. The total payroll is estimated at $78 million a year, including $49 million in construction wages during development.