State lawmakers looking to stem casinos' decline
Indiana lawmakers are proposing to cut riverboat casino taxes and allow the floating gambling halls to move onto land to help them face growing competition from neighboring states.
A state Senate committee is expected to take up a bill this week overhauling casino taxes, although estimates aren't available on how much money might be involved.
The debate comes as Indiana is projecting its casino tax revenue will drop 15% over the next three years from what was collected last year.
Republican Senator Phil Boots of Crawfordsville says changes are needed to keep Indiana's ten casinos "in the game." But many lawmakers are leery of supporting steps perceived as allowing an expansion of gambling in the state.
New casinos in Ohio, Michigan and Illinois are providing competition for Indiana's casinos.
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