IBJNews

Ohio casino question could affect Indiana

Back to TopCommentsE-mailPrintBookmark and Share

For the fifth time in 20 years, Ohio voters are poised to weigh in on a ballot question that would authorize casinos in Cincinnati, Cleveland, Columbus and Toledo.

If the measure passes Tuesday, it could deal another blow to Indiana’s already struggling gambling industry.

Southeast Indiana casinos—Grand Victoria in Rising Sun, Belterra near Vevay and Hollywood in Lawrenceburg—could lose up to 38 percent of their admissions to new competitors in Ohio, costing the state up to $86 million in wagering tax revenue, according to an estimate from Indiana’s Legislative Services Agency.

About $600 million a year flows from riverboat casinos into the state’s general fund, making it one of the leading sources of state revenue.

But gamblers have cut spending as the economy soured, and Ohio isn’t the only potential competitor looking to take a bite out of Indiana’s piece of the pie.

Kentucky Gov. Steve Beshear wants to legalize either slot machines or casino-style gambling at racetracks throughout his state, and Michigan is considering expanding its tribal casinos.

Indiana could lose up to $250 million in casino tax revenue if all the proposed out-of-state casinos are approved, the LSA told a legislative study committee last month.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT