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Indiana Regulators Want New Bingo Rules

INDIANAPOLIS, Indiana – As reported by the Indianapolis Star: " -- State officials say they hope to encourage greater accountability with new regulations that will require Indiana bingo parlors to set aside a certain percentage of profits for charity, regardless of the expenses the parlors face.

"Rules that take effect in May will require bingo parlors with incomes in excess of $500,000 to give at least 10 percent of their revenue to charity.

"…Several bingo parlors, which had been allowed to keep all of the profits or get away with losing money, have sued the Indiana Department of Revenue over the regulations.

"Twenty-five Indiana bingo parlors collectively took in more than $52 million last year, but gave only $1.6 million to the charities they were established to support, The Indianapolis Star said in a story Sunday…"

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