Competition from Ohio blamed for Indiana casino tax revenue drop
The Associated Press December 26, 2012 3:54PM
Entrance to Majestic Star casinos in Buffington Harbor. | Archive~Sun-Times Media
Updated: December 26, 2012 11:02PM
INDIANAPOLIS — Officials are expecting Indiana’s state government to see a big drop in casino tax revenue over the next two years because of competition from new casinos in Ohio.
The latest state revenue forecast projects the state’s annual casino tax revenue to decline by about $42 million, or 9 percent, for the second year of the new two-year state budget legislators will decide during their session that starts next month.
State Senate appropriations Chairman Luke Kenley says that he doesn’t believe Indiana’s casino revenue will ever return to the levels seen when there was little competition from other states.
But Kenley said state lawmakers should support measures helping Indiana casinos to remain as competitive as possible.
A Cincinnati casino is expected to open in the spring.