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I’ve run into some more interesting Lansing Casino Math.

Lets look at the revenue that two groups will receive directly from this casino.
1. The scholarship for Lansing kids
2. the developers

Lansing Kids get:

The project would include two parking decks and would share 2 percent of revenue - estimated at $5 million to $6 million - for the city to start a scholarship program for Lansing public school students - LSJ

Revenue $250,000,000/yr * 2% = $5,000,000/yr for the kids

Developer gets:

Sault tribal officials negotiated a contract with Lansing Future that would award the developer 14 percent of the casino’s operating profit, projected at $150 million annually, for seven years, the website reads. The tribe also would have to reimburse the company for as much as $10 million of its initial investment if the casino succeeds. - LSJ (Screenshot)

Operating Profit $150,000,000 * 14% = 21,000,000/year for Developer

7 Year Deal: 21,000,000 x 7 = $147,000,000

Lansing Kids Get: $5,000,000/year
Developers Get: $21,000,000/year

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I don’t care if the Lansing Casino is built or not. I just think the Lansing Casino Math is interesting.

More on Casino from Mlive: Screenshot