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Suffolk Downs casino would give Boston $32m yearly

Menino reaches deal for complex at Suffolk Downs; at least 4,000 jobs promised; referendum is next step

A Suffolk Downs casino would pay Boston at least $32 million annually — and potentially far more — while guaranteeing at least 4,000 permanent jobs and providing East Boston an upfront payment of $33.4 million, under an agreement signed Tuesday with Mayor Thomas M. Menino.

The deal includes provisions that would substantially increase the annual payment to the city if the casino is highly profitable. Under those provisions, the deal could be worth $52 million for Boston annually, based on projections from a city consultant that the resort would gross $1 billion per year in gambling revenue.

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