Lawmakers may study declining gambling revenue
INDIANAPOLIS (AP) — Indiana lawmakers this summer could consider how to address increased gambling competition from neighboring states as revenue from riverboats continues to drop.
The money the state collects from casino taxes has dropped from a peak of nearly $876 million in 2009 to about $752 million in fiscal 2013, according to figures from the Indiana Gaming Commission. Indiana’s three casinos near Cincinnati have seen big declines since a downtown casino opened in the Ohio city last year.
In recent years, Indiana’s casino industry has pleaded with state legislators for economic protection from the increasing state competition. But many lawmakers have resisted, saying the casinos should try to survive on their own.
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