The Two-Sided Coin: Casino Gaming and Casino Tax Revenue in Indiana

Gambling tax in indiana, riverboat casino taxes

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However, the law does not require payment of an admission tax. Annual Wagering Tax Totals and the Amounts Distributed to State and Local Government, to Until25 percent of the wagering tax was distributed to the city or county where the casino was docked, with the balance going to the state. While dockside gaming was implemented by all the riverboat casinos in Augustthe riverboat casinos are still permitted under the current law to conduct gaming excursions if ownership so chooses.

The distributions included thirteen months of collections because the distribution schedule was changed to distributing a gambling tax in indiana collections at the end of the month rather than during the following month.

Riverboat Casino Taxes The riverboat gaming law imposes two excise taxes on the casino owners. References the state fiscal year which begins on July 1st and ends on June 30th of the year denoted. The state's share was used for capital projects and to replace local motor vehicle excise taxes.

Formerly Caesars Casino Source: However, the base shrinkage was mitigated somewhat by the 20 percent to 30 percent increase in the number of patrons entering the casinos represented by the turnstile count due to dockside gaming. Nevertheless, three rivers casino rosemont il increased state share is also attributable to the cap placed on local distributions.

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The riverboat gaming law imposes a number of regulatory restrictions and requirements on the riverboat casinos. Excluding French Lick, the supply of EGDs and table games has actually declined slightly sinceshowing average declines of about 0. This drop occurred because about 52 percent of the admission tax base under the excursion gaming regime was comprised of players admitted to multiple excursions.


Up untildistributions lagged collections by one month. Unlike neighboring states with riverboat gaming, Indiana did not impose regulatory restrictions such as betting limits, loss limits, or gaming machine or position limits. With the expected decline in admission tax collections, the dockside gaming legislation guaranteed that each entity receiving admission tax revenue would continue to receive its yield.

Dockside gaming was authorized in June to enable the riverboat casinos to more fully utilize their existing capacity and tap their respective geographic markets. The slot machine gaming law provides for only two such gaming facilities, one located at Hoosier Park in Anderson and one at Indiana Downs in Shelbyville.

The slot machine gaming law imposes an initial license fee on the facility owners, a continuing annual license fee after the first five years of operation, state and county wagering taxes, and a funding requirement for certain horse racing purposes.

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From toonly one new riverboat casino the French Lick Casino opened and only one major expansion was completed when a new and larger facility was opened in by Blue Chip Casino in Michigan City.

The guarantee payment for a fiscal year is made during the following fiscal year from the state's share of wagering tax revenue. The tax base for dockside casinos is only the turnstile count or the number of patrons entering the riverboat casino. The revenue from the initial license fee has been directed to property tax relief in and Thirty-eight percent of the admission tax revenue from the French Lick Casino is distributed to the state for economic development initiatives in that region and for preservation of the West Baden Springs Hotel.

Nonetheless, given the sizeable amount of riverboat wagering tax that is being directed morongo casino voz de mando property tax relief, it is essential that the growth potential of this tax be assessed. The law provides for a maximum excursion length of four hours but, as a practice, the casinos tended to operate two-hour excursion schedules.

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From tothe admission tax distributions shown in Figure 2 grew by an annual average of only 1. Notes For instance, in State v. During that time, the number of table games supplied at casinos increased by about 3.

The Blue Chip decline is a direct result of stiff competition from a new tribal casino that opened at the beginning of August only ten to fifteen miles away in New Buffalo, Michigan. These recent revenue patterns are certainly grist for additional research as to the adequacy and future growth potential of both casino taxes.

While the supply of EGDs grew by an average of A total of However, the combination of expanding the wagering tax base via dockside gaming and increasing the wagering tax rate resulted in a substantial permanent increase in wagering tax revenue.

The change involved distributing revenue in the same month that it is collected, resulting in thirteen months of wagering tax collections being distributed to state and local accounts during and the "drop" in From torevenue trended upward again—with the French Lick Casino helping to generate fairly robust growth of about 6 percent in All revenue from this tax is dedicated to property tax relief.