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Indiana lawmakers favor casino expansions, barges

INDIANAPOLIS, Indiana – As reported by the Louisville Courier Journal: "Bowing to pressure from the state's casino industry, lawmakers have nixed a plan to charge hefty fees for expansions but let casinos abandon their boats in favor of buildings constructed on permanently moored barges.

"The provisions had been tentatively added to a bill that would permit up to 2,000 slot machines at each of the state's two horse tracks. The tracks must pay $250 million license fees for that opportunity.

"…However, lawmakers added one provision that might force the state's highest revenue casinos to pay increased taxes in the future.

"Currently, casinos pay taxes on gambling revenue based on a sliding scale that starts at 15 percent and gets as high as 35 percent for revenue in excess of $150 million. Under the proposal that could be approved today, revenue above $600 million would be taxed at 40 percent…"

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