Connecticut financial authorities has painted a grim picture of the state’s annual revenue once MGM Springfield casino opens in September 2018.

The General Assembly’s fiscal office estimated that MGM Springfield casino will cost the state $68.3 million in annual revenues since its operations will directly affect Indian gaming payments to the state, according to MassLive.com.

From $267.3 million in fiscal 2018, state financial authorities predicts that Connecticut’s revenue will fall to $199 million in fiscal 2019. It added that annual revenues of Indian gaming payments will further shed $2.4 million in 2020, though it is not clear whether that is due to the Springfield project as well.

The report made by the Office of Fiscal Analysis was forwarded to the state lawmakers, who inquired on MGM casino’s potential impact in Connecticut for fiscal year 2019.