Ohio casinos could take big hit on Indiana casinos

indystar

November 04, 2009 by indystar | Staff

0 votes

By Mike Smith / Associated Press A new report says Indiana could lose $100 million in gambling taxes in the first year after the creation of four Ohio casinos authorized in a Tuesday referendum open.

Ohio voters approved casinos for Cincinnati, Cleveland, Columbus and Toledo.

An analysis by the Indiana Legislative Services Agency predicts that hardest hit in Indiana will be three casinos in the southeastern part of the state downstream from Cincinnati.

Hollywood Casino in Lawrenceburg, Grand Victoria Casino in Rising Sun and Belterra Casino near Vevay would lose $260 million in gambling revenues in the first year after the Ohio casinos open. That would cut their taxes paid by $93 million.

The report says Hoosier Park’s casino in Anderson would lose gambling customers to a new Toledo casino, costing the state another $9 million.

Category: Communities

Tags: 

grand victoria casino, hoosier park, indiana legislative services agency, hollywood casino, ohio voters, vevay, s casino, legislative services, associated press, mike smith, rising sun, 100 million, referendum, casinos, hollywood, politics, topstories, Communities, Cincinnati, News

Follow this thread

0 comments

or register to leave a comment.

Logo_colophon

© 2009 Star Media
All rights reserved.

Use of this site signifies your agreement to the Terms of Service and Privacy Policy, updated December 2008.