With the groundbreaking for Pittsburgh’s new Casino slated for next Tuesday December 11th there has been a lot of talk about how many jobs the Casino will bring to Pittsburgh.
Early estimates have hovered around 1,000 new jobs for what eventually will be a 5,000 slot facility. Also part of the Majestic Star Casino will be two or three restaurants and a nightclub.
Although these jobs will be one of the best things to hit Pittsburgh in years, the overall net effect needs to be seen. The Casino will attract many out of town visitors to our area and with them millions of dollars. However, these visitors will have a tendency to remain at the Casino and not travel to surrounding businesses and restaurants (see Atlantic City).
The Casino will also attract many local residents. With only so many “discretionary dollars” to go around, the local patrons will spend these dollars at the Casino instead of other area businesses and restaurants. What this will do to the levels of employment outside the Casino is open to debate. You can be sure that it will have a negative effect causing the net increase in jobs to be somewhat less than 1,000. How much less only time will tell.
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