The companies hoping to build a $233 million casino and race track in Lawrence County believe the project will eventually create more than $10 million in tax revenue alone from construction and payroll taxes.
Endeka Entertainment and Penn National Gaming submitted a 233-page application for their casino license on May 31. The documents were posted on the Pennsylvania Gaming Commission’s website Thursday.
The planned Lawrence Downs Casino and Racing Resort near the intersection of U.S. Route 422 and state Route 551 in Mahoning Township will create some 1,686 construction jobs with a $70 million in payroll and have 725 permanent jobs that will create $20 million in earnings, according to a report included in the application.
Officials said Friday it normally takes about one year for the commission to decide on a casino application. The casino would be Pennsylvania’s 14th, if the commission approves a casino planned for Philadelphia.
The plans, as they currently stand, would include 1,250 slot machines, 41 table games, 10 poker games and a harness track for horse racing. The companies are also planning for about 230 restaurant seats for fine dining and live music.
“We now at the gaming board have to take that application and do investigative work,” said gaming commission member Richard McGarvey. “In other words, investigate all the individuals associated with the project, all the businesses that are associated with it.”
The list of investors include the Youngstown-based Nannicola Inc., a family-run gaming supply business.
The report says they expect the casino to result in a $68 million annual economic impact, including direct jobs, indirect jobs and taxes from other support businesses.
The report estimates about 1,507 additional unrelated jobs will be created because of the casino that would create $3.2 million in payroll taxes to the state.
The companies also expect to have 2.91 million visitors per, including 2 million out of state visitors. They expect 1.8 million from the surrounding counties, including Mahoning County, about 360,000 from Pittsburgh and 244,000 from Cleveland, the report says.
Visitors are expected to spend about $131.4 million per year.