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Gaming Bill To Give Industry Financial Incentives

By Indiana Public Media News Staff

Posted February 19, 2013

Indiana Casino industry is facing competition for gaming dollars from the neighboring States of Ohio, Illinois and Kentucky. In a move to provide incentives to Casinos in Indiana the senate  has authorized measures aimed at making the gaming industry more competitive.

According to The Casino Association of Indiana, gaming industry is a major revenue earner in Indiana with over $838 million in tax revenue for the State in 2012 and over 16,000 direct gaming jobs.

Indiana Gaming Insight editor Ed Feigenbaum says we are facing serious competition from land based casinos and racinos in neighboring states.

"We are likely to see expansion soon from Illinois and Kentucky as well and we need to do something, we probably needed to do something five years ago, we need to do something now to defend our gaming industry," Feigenbaum says

The senate appropriation committee authorized a bill calling for changes in tax structure and allowing table games at the racinos among other measures. The change in tax structure will increase revenue for the casinos.

Feigenbaum says the amendment is a tax break to help the gaming industry compete with neighboring states.

"Through this tax break, to be able to increase their business and that in the long run everybody will benefit by increase attendance and increase revenue," Feigenbaum says.

The bill moves to the house ways and means committee for further deliberation.

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