Indiana Casino Revenue Drop $50 Million in 6 Months
January 20, 2014
Tax revenues from Indiana are reported to be lower than expected from the last
six months. The reasoning is believed to be from the recession and increased
competition from neighboring states. The state's casinos are reported to be a
15% decline in revenue.
The report looked at the total revenue since June of 2013. In that time, tax
money from casino revenue had dropped $50 million. Which is $5 million higher
that originally expected per state analysts.
The recession aftereffects are believed to be one reason for the cause. However,
this trend has also been experienced across the country. Not just in Indiana.
Out of state competition is also believed to be an issue. In March, Cincinnati
opened their casino. Three Indiana near the Ohio state line have seen a decline
in revenue since that time.
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