Three Arkansas counties will generate a combined $122 million in annual tax revenue if the state chooses to legalize casinos in the state.

This was the findings of Oklahoma-based Economic Impact Group, which conducted a study on the effect of legalizing casinos in Arkansas just a month before residents cast their vote on the proposed constitutional amendment in November. The study was commissioned by

Tulsa World reported that the pro-casino group come up with the estimated possible additional tax revenue on the assumption that 18 percent of each casino’s net gambling receipts would go toward the state, another .5 percent would go to the county and 1.5 percent would go to the city.

“Based on our findings, we believe the passage of Issue 5 will result in significant Arkansas investment, creating or supporting thousands of jobs while providing a new source of tax revenue for the state and local communities,” economist Kyle Dean said in a statement released by the pro-casino group , according to the news agency.