Ohio Casino Competition could lower Indiana revenue
December 26, 2012
New casinos in surrounding areas are brining new competition to the state. It
has been estimated that Ohio's new casinos will have an effect on Indiana's
gaming revenue. The effect could last for two years.
Experts are suggestion that Indiana could loose $42 million in taxes. That is
down 9%. The loss of money in the state budget could bring a challenge to state
programs. When legislation starts again next month, it will be an issue that
will be discussed.
Indiana casinos have proven to perform well in the past. The out of state
competition is expected to draw some gaming dollars away permanently.
Cincinnati is expected to open a new casino in spring of 2013.
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