| Cross post from Jon Pelto's Wait What?
Right...The State Lottery was for Education; Native Gaming Slots Revenue was for cities and towns...And if you believe that, I have a bridge to sell you.
In 1993, the Mashantucket Pequot Nation signed an agreement with Governor Lowell Weicker and the state of Connecticut.
In return for the exclusive rights to have slot machines, Connecticut's Native American Tribes would donate 25 percent of their gross slots revenue to the state of Connecticut. It was the most generous Native American Revenue Sharing agreement in the nation.
When the Mohegan Sun was opened a few years later, the program became known as the Mashantucket Pequot/Mohegan Grant. According to the program description, the fund "annually distributes a grant to each of the state's 169 municipalities. The distribution is based on numerous factors including, but not limited to, the value of state-owned property, private college and general hospitals, population, equalized net grand list, and per capita income as set forth in Sections 3-55i, j, and k of the Connecticut General Statutes. Payment is made in three equal payments on January 1, April 1, and June 30th."
In its first full year, about $85 million was distributed to Connecticut's cities and towns. The state of Connecticut was a bit short on revenue that year, so it withheld the other $30 million in order to help balance the state budget.
Over the years, as the two Native American casinos became more and more successful, the amount of money flowing into the state coffers grew substantially.
There's more below the fold...