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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.

Return to Indiana Casinos.

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