A newly released study commissioned by the Indiana Gaming Commission has identified downtown Indianapolis and a site near Auburn in northeast Indiana as leading candidates for relocating an existing casino license.
The analysis projects that a downtown Indianapolis location could generate $493.3 million in annual adjusted gross receipts and produce over $170 million in state tax revenue.
Key Takeaways:
- Downtown Indianapolis could generate nearly half a billion dollars annually in revenue
- Northeast Indiana site offers growth with minimal impact on horse racing industry
- Legislative reactions reveal concerns over management, traffic and social impacts
The 45-page report, conducted by Spectrum Gaming Group, was prepared in response to Senate Enrolled Act 43 and presented to the State Budget Committee, per Indiana Capital Chronicle. It highlights the economic potential of moving a casino to a downtown area near the Statehouse and Indiana Convention Center…