A state bill that would expand Indiana's gambling industry is headed to the Senate Appropriations Committee after the Senate Public Policy Committee unanimously approved the measure last week.
Senate Bill 528 would allow the state's 10 river-based casinos to move on land. It would eliminate an admissions tax and raise the rate on a tax levied on casino revenues. The measure would also allow live table games at the state's two horse tracks.
The legislation is an effort to increase the competitive of the Hoosier State's 13 casinos as neighboring states like Illinois and Ohio open new casinos.
Indiana's gambling facilities generate nearly $1 billion annually and are one of the state's top revenue sources. Officials said recently they expect to see a 15% drop in casino revenue due to increased competition from neighboring states.