State and, to some extent, local government
has come to rely on gambling revenue. And now that neighboring states are launching a competitive
assault on Indiana casinos, it’s time to get back to the original intent before the revenue shrivels and leaves necessary
government services high and dry.
Despite rampant speculation, Anderson’s Hoosier Park is not facing imminent bankruptcy, according to its owner, locally
based Centaur Inc.
Indiana casinos on average pay the highest effective tax rate in the Midwest, according to a report by the Casino Association
Purses at Hoosier Park in Anderson and Indiana Downs in Shelbyville have swollen since the two tracks added slot machines
in June 2008.
Fifty-nine horses have been quarantined because of a suspected contagious infection at central Indiana’s Hoosier Park race
Indiana’s casinos are facing increasing competition from gambling ventures in Michigan and Ohio that could pose a threat to
the $900 million in tax revenue the industry generates for the state.
The Hoosier Lottery limped through its latest fiscal year, turning in its poorest sales performance in a half-decade due mostly
to declining demand for Hoosier Lotto tickets and scratch-off games, the Lottery said today.
Indiana has made billions on gambling in nearly two decades, funding key programs, cutting excise and property taxes, and
avoiding tax hikes. The state has seen more than $2 billion in investment without any government incentives,
and more dollars committed in our history than by any industry outside of steel, power and autos.
In a saturated gambling market, Indiana casinos increasingly rely on expanded entertainment options to
attract patrons. The upshot is that an industry once considered “recession-proof” is asking
the General Assembly for lower taxes and hopes to eliminate expensive regulatory requirements like maintaining engines
Indiana’s struggling gambling industry didn’t get the relief it sought during the special session of the Indiana General Assembly. But embedded within the budget bill approved June 30 is a provision creating a gambling summer study committee. Its recommendations, due by Dec. 1, may make or break several of Indiana’s casinos.
Hoosiers’ long ride on the gambling gravy train finally may be coming to an end.
Cash-strapped gambling firm pushing bill in Legislature; Centaur trying to recover from Pennsylvania setback
Centaur is lobbying the Indiana General Assembly to let it transfer 500 slots from its Hoosier Park horse track in Anderson
to the Fort Wayne area.