Major Indiana casino overhaul faces doubts
The leader of the Indiana House is hesitant about the chances of an overhaul of state casino taxes and regulations aimed at helping them against growing competition from surrounding states.
The state Senate is considering a bill that would allow Indiana's 10 riverboat casinos to move inland to adjacent property and permit live table games at the two horse track casinos.
A version approved Thursday by the Senate Appropriations Committee would also cut millions of dollars in casino taxes - and reduce by some $40 million a year the amount that counties with riverboat casinos would receive in tax revenue.
House Speaker Brian Bosma says he thinks allowing more in-land casinos will have a tough time being approved in the House, although he believes some tax changes might be made.
Gaming in Indiana is big business. It may have dropped from third to fourth in the nation in 2012, but it still touts staggering numbers: $500 million in charitable gaming and $2.6 billion in casino gaming.
Neighboring states are now threatening those numbers, and this year's legislation is an attempt to curb the threat.
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