Sixteen states reported quarterly highs in overall gambling revenue, including five of the six largest markets: Indiana, Michigan, Nevada, New York and Pennsylvania.
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There are six states–Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia–that offer the full spectrum of online gambling, from virtual slot machines to online card games. Nevada also allows online gambling but limits it to online poker.
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Indiana’s 12 casinos raked in $2.5 billion from July 2021 through June 2022, according to the Indiana Gaming Commission’s annual report.
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The expansion will add 30,000 square feet to the gambling floor and 100 jobs at the venue, plus additional slot machines and table games.
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A proposal to legalize online casino gambling in Indiana has failed to gain traction for a third consecutive year despite earlier optimism about its prospects. A powerful confluence of factors led to its demise.
Rep. Ethan Manning, a Republican from Logansport, said he’ll introduce a bill to allow online casino games, taxing revenue at an 18% rate and sharing some of the proceeds with cities and counties where casinos are located.
Brent Waltz, 48, of Greenwood, pleaded guilty in April to helping route about $40,000 in illegal contributions to his campaign and making false statements to the FBI.
Once the Queen of Terre Haute Casino Resort opens, the city is expecting about $10 million in casino tax revenue every year for the next 10 years.
This spring’s decline in casino earnings largely tracks with the nation’s soaring inflation rate and the end of various federal COVID-19 relief and economic stimulus programs aimed at shoring up the post-pandemic economy.
The casinos collectively also had their best first quarter ever, falling just short of the $14.35 billion they won from gamblers in the fourth quarter of last year, which was the highest three-month period in history.
Caesars Entertainment Inc. on Tuesday changed the name of the venue from Indiana Grand Racing & Casino to Horseshoe Indianapolis Racing & Casino.
Kentucky-based Churchill Downs Inc. has filed to rezone nearly 50 acres near Interstate 70 and State Road 46 to build the Queen of Terre Haute Resort.
The Indiana Gaming Commission said the state’s online and retail sports wagering operations could accept bets on alpine skiing, bobsled, cross-country skiing, curling, ice hockey, short-track speed skating and speed skating.
Troubled Indianapolis-based casino company Spectacle Entertainment was at the center of multiple controversies in 2021, from its top executive being forced out to losing stakes in two new casino projects.
One of the companies that was pass over for the license, Las Vegas-based Full House Resorts, has sued the Indiana Gaming Commission, claiming it didn’t follow state law when it picked Churchill Downs to develop the casino.
Louisville-based Churchill Downs proposed a $240 million project known as the Queen of Terre Haute, to be built on nearly 21 acres west of the Haute City Shopping Mall.
The company plans a 38,000-square-foot expansion at Hoosier Park that will result in 100 more slot machines, along with restaurant and bar space and a new drive-through area for valet parking.
The Indiana Gaming Commission has started reviewing applications from four companies for the casino license that were submitted in September.
John Keeler was indicted this week by a federal grand jury on two new charges related to illegally using campaign donations to lower the taxable income for Centaur Holdings, parent of the casino company where Keeler was vice president and general counsel.
Gaming Commission executive director Greg Small said the agency hoped to select a company for the Terre Haute license by the end of this year.
Sara Gonso Tait’s six-year tenure has been marked by several major rulings involving casinos and fines imposed against their operators.
Hard Rock International is assuming at least 85% ownership of a northwestern Indiana casino from an Indianapolis-based ownership group whose top executives have faced criminal and financial misconduct allegations.
Only four states, Nevada, Mississippi, New Jersey and Pennsylvania, took in more gambling revenue than Indiana during the first half of the year.
The Indiana Gaming Commission voted Thursday not to renew Lucy Luck’s license for a planned casino in Terre Haute after it failed to complete financing for the project.
