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A brand new report from the Indiana Gaming Commission says relocating a on line casino license to downtown Indianapolis could possibly be a large win for the state’s economic system — with projected revenues nearing half a billion {dollars} a 12 months and greater than $170 million in new tax {dollars} flowing into public funds.
The 45-page examine, carried out by Spectrum Gaming Group, in contrast potential websites throughout the state and located {that a} downtown Indy location — modeled close to the Statehouse and Convention Center — would simply outperform all others. The location’s accessibility, tourism potential, and proximity to main points of interest make it the best choice for relocation.
But there’s a flip aspect. The examine warns that such a transfer might take roughly $140 million in income away from present racetrack casinos in Anderson and Shelbyville — and price Indiana’s horse racing business as much as $17 million yearly, threatening jobs and prize funds tied to these tracks.
Still, the report estimates {that a} new downtown on line casino — probably branded as “Circle City Casino” — might rival properties in Chicago and Cincinnati, cementing Indianapolis as a regional gaming hub.
Supporters say it might assist enhance downtown’s post-pandemic restoration, entice new tourism, and create 1000’s of jobs. Critics, in the meantime, worry it might worsen playing dependancy, site visitors, and draw assets from surrounding communities.
What’s your ideas? Does Indianapolis Need a Downtown Casino, or are there different areas you suppose can be higher?
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