News From Terre Haute, Indiana

State News

April 17, 2013

Budget forecasters predict bigger drop in gaming revenues

INDIANAPOLIS — While a gaming bill is still in play in the General Assembly, state budget forecasters are predicting the payoff to the state from legalized gambling will be even lower than they thought.

The April budget forecast released this week predicts revenues from the state’s casinos and racinos will drop by $71.5 million more over the next two years than what those forecasters predicted just four months ago.  

And it may be worse than it looks, according to one of the chief budget makers who thinks the latest forecast low-balls the coming losses.

“I thought they should have shown a bigger drop,” said Senate Appropriations Chairman Luke Kenley, R-Noblesville. “I don’t think they show the true impact of what’s going to happen. (Gaming) has been a big revenue producer for Indiana, but I don’t think it’s going to continue to be.”  

Since the first riverboat casino opened in Indiana in 1995, the state’s gaming industry has poured more than $10 billion in taxes into the state’s coffers, becoming the third largest source of revenue for the state’s general fund.

But with rising competition for gaming dollars in neighboring states — including four new casinos in Ohio — the pool is growing smaller. While the two racinos (horse track-based casinos) have been holding their own, admissions and revenue at the state’s riverboat and land-based casinos are down over the last three years.

Austin frustrated

The state’s budget forecasters are now predicting a drop to $492 million by 2015. That includes a drop in racino tax revenues, from $117 million in 2012 to just over $95 million by 2015.

For lawmakers like Rep. Terri Austin, a Democrat from Anderson with the Hoosier Park Racing & Casino in her district, the latest forecast numbers are evidence that the General Assembly needs to act before the session ends April 29.

“This really paints the picture that we must do something to protect the state’s revenue source,” Austin said. “It’s our third largest revenue stream, aside from personal and sales taxes, and the state depends on that money at this point.”

Austin is part of bipartisan group of lawmakers with casinos in their districts frustrated that a gaming bill, Senate Bill 528, has been watered down from an original version aimed at giving casinos more flexibility to compete.

The current version of the bill, now caught in House-Senate conference-committee negotiations, prevents casinos from expanding their physical footprint and bars racinos from adding live table games, which would result in about 600 new jobs.

“This industry employs thousands of people,” Austin said. “So we’re trying to do two things: Trying to make sure we don’t hurt ourselves in unemployment picture and at the same time, keep our revenue stream as protected as possible.”

Republican Gov. Mike Pence, who wants a 10 percent income tax cut in the final budget bill, opposes adding live table games at the racinos, calling it an expansion of gaming he won’t support.

Lawrenceburg revenue drops

Ed Feigenbaum, publisher of Indiana Gaming Insight, said the downward revised numbers in the April forecast shouldn’t come as a surprise.

Numbers released by the Indiana Gaming Commission earlier this month showed Indiana’s riverboat casinos took another financial hit in March, after five consecutive months of lower revenues. The most dramatic: While a brand new casino in Cincinnati raked in $21 million in March, the Hollywood Casino in Lawrenceburg, 30 miles away, saw revenues drop by $9.8 million from a year ago, or 25 percent.

“That just confirmed everybody’s expectations,” Feigenbaum said.  

The drop in gaming dollars is due to more than just the new casinos in Ohio, Feigenbaum said. When the federal payroll-tax holiday lapsed late last year, the paychecks of wage earners dropped about 2 percent. “That left people with less disposable income, particularly those discretionary dollars used for entertainment.”

1
Text Only | Photo Reprints
State News
  • Pence pushing Medicaid alternative during DC trip

    INDIANAPOLIS (AP) — Indiana Gov. Mike Pence is heading to Washington to seek federal approval of his proposed state-run alternative to traditional Medicaid in order to expand health care coverage for low-income residents.

    July 30, 2014

  • Pence leading annual governor’s motorcycle ride

    INDIANAPOLIS (AP) — Gov. Mike Pence is leading the annual governor’s motorcycle ride from the Statehouse through southern Indiana.

    July 25, 2014

  • State asks judge to delay right-to-work ruling

    CROWN POINT, Ind. (AP) — The Indiana attorney general’s office has asked a judge to put on hold his order striking down the state’s right-to-work law.

    July 25, 2014

  • Indiana chooses 5 counties for preschool program

    INDIANAPOLIS (AP) — Indiana’s three most populous counties are among five chosen for a pilot program that will allow low-income children in those areas to attend preschool as early as next year.

    July 22, 2014

  • More cases of chikungunya confirmed in Indiana

    INDIANAPOLIS — Six more Hoosiers have tested positive for the chikungunya virus, making a total of seven reported cases in the state. The majority of individuals have confirmed travel to the Caribbean, including four teens who were recently on mission trips to the area.

    July 17, 2014

  • Judge orders Indiana BMV to resume selling plates

    INDIANAPOLIS (AP) — A Marion County judge has ordered the Indiana Bureau of Motor Vehicles to resume issuing personalized license plates, but that doesn’t mean the agency will start doing so anytime soon.

    July 16, 2014

  • State reports budget surplus, $2 billion in reserves

    INDIANAPOLIS — As expected, the state closed its fiscal year with a budget surplus, due largely to spending cuts forced by Gov. Mike Pence.

    July 14, 2014

  • U.S. Attorney Hogsett announces resignation

    INDIANAPOLIS – Joseph H. Hogsett, the United States Attorney, announced in a news release today his resignation from office, effective July 31, 2014.

    July 14, 2014

  • State reports West Nile virus-infected mosquitoes

    INDIANAPOLIS — State health officials confirmed the first signs of West Nile virus activity in Indiana for 2014. Mosquitoes in Marshall and Pike counties have tested positive for West Nile virus. There have been no reported cases of West Nile virus in humans in the state this year.

    July 9, 2014

  • Pence orders memorials for officers who died

    INDIANAPOLIS (AP) — Indiana Gov. Mike Pence has declared this week an official period of mourning after the loss of three law enforcement officers in the line of duty over eight days.

    July 8, 2014

  • 051713 BAYH SMILE.jpg Former governor Bayh weighs decision to run again

    WASHINGTON, D.C. — Evan Bayh is keeping Indiana Democrats on hold.
    Party loyalists longing for a political savior to retake the governor's office have been waiting on Bayh ever since he abruptly decided to leave the U.S. Senate and political life three years ago.

    July 8, 2014 3 Photos

  • Deal set in ex-schools chief Bennett’s ethics case

    INDIANAPOLIS (AP) — Indiana’s State Ethics Commission is considering a settlement in the ethics case against former state schools Superintendent Tony Bennett.

    July 7, 2014

  • Lawmakers returning for ’corrections’ day

    INDIANAPOLIS (AP) — State lawmakers are returning to Indianapolis for a day to fix critical mistakes left in the criminal sentencing overhaul legislation approved earlier this year.

    June 16, 2014

  • Constitutional convention backers meet in Indiana

    INDIANAPOLIS (AP) — About 100 lawmakers from 33 states are expected to gather at the Indiana Statehouse for discussions about how to call the first constitutional convention since the nation’s founding.

    June 12, 2014

  • Dickson stepping down as Indiana’s chief justice

    INDIANAPOLIS (AP) — Indiana Supreme Court Chief Justice Brent Dickson is stepping down from that role but will remain as an associate justice.

    June 11, 2014

  • 10-digit dialing in 812 area code soon mandatory

    INDIANAPOLIS (AP) — Indiana utility officials say 10-digit dialing in southern Indiana’s 812 area code will become mandatory in September.

    June 11, 2014

  • Audit: Nearly 275 in Indiana await 1st VA visit

    INDIANAPOLIS (AP) — An audit of VA hospitals and clinics nationwide has found that nearly 275 Indiana patients are still waiting for initial appointments at facilities in Indianapolis and northern Indiana 90 days or more after requesting them.

    June 9, 2014

  • Jackpot growth slowing down for Hoosier Lotto

    INDIANAPOLIS (AP) — State lottery officials are blaming a big drop in ticket sales for a decision to slash the rate at which Hoosier Lotto jackpots grow.

    June 6, 2014

  • Our view: Throw open the doors

    As allegations and scandals continue to explode about hidden wait lists and cooked books at VA medical care facilities across the country, with hints of even more heinous findings to come, we have to wonder why it's business as usual in our nation's

    May 29, 2014

  • Indiana’s 4 largest cities see population surges

    BLOOMINGTON, Ind. (AP) — A new report by an Indiana University research group says Indiana’s four largest cities are in the midst of some big population increases.

    May 22, 2014

  • Appeals court: Students can sue over school attack

    INDIANAPOLIS (AP) — The Indiana Court of Appeals says two students hurt in a school shooting can sue the school district over their injuries.

    May 20, 2014

  • State health commissioner urges hepatitis testing

    INDIANAPOLIS (AP) — Indiana’s health commissioner is urging Hoosiers to educate themselves about the dangers of viral hepatitis and to get tested for the disease.

    May 19, 2014

  • Zoeller: Robocall complaints are down in Indiana

    INDIANAPOLIS (AP) — Indiana Attorney General Greg Zoeller says his office is receiving almost half as many complaints a month about robocalls as it did two years ago, but says there’s more work to be done.

    May 19, 2014

  • High court to hear appeal of right-to-work law

    MUNSTER, Ind. (AP) — The Indiana Supreme Court will hear arguments in September on Indiana’s appeal of a judge’s ruling declaring the state’s right-to-work law unconstitutional.

    May 9, 2014

  • Judge: Indiana must still recognize 1 gay marriage

    INDIANAPOLIS (AP) — The state of Indiana must recognize a lesbian couple’s out-of-state marriage throughout their legal fight to have one of the women named as a spouse on her terminally ill partner’s death certificate, a judge ruled today. The Indiana attorney general’s office said it would appeal.

    May 8, 2014

  • Judge says Indiana BMV wrongly pulled ‘0INK’ plate

    INDIANAPOLIS (AP) — A police officer has the right to buy a vanity license plate reading “0INK,” an Indiana judge has said in a ruling that extends far beyond one plate.

    May 8, 2014

  • Zoeller: Let legislatures choose Senate candidates

    INDIANAPOLIS (AP) — U.S. Senate candidates in Indiana would be nominated by the General Assembly instead of selected by voters in a primary if the state’s top legal officer has his way.

    May 5, 2014

  • Indiana, CDC push for more infant vaccinations

    AVON, Ind. (AP) — State and national health officials are pushing for parents to vaccinate their infants on time in the face of measles outbreaks.

    April 30, 2014

  • Painted bison to celebrate Indiana bicentennial

    INDIANAPOLIS (AP) — Painted bison sculptures and quilted gardens are set to pop up in honor of Indiana’s bicentennial celebration.

    April 30, 2014

  • Indiana court upholds dismissal of ethics charges

    INDIANAPOLIS (AP) — The Indiana Court of Appeals has upheld a judge’s decision to dismiss misconduct charges against the state’s former top utility regulator.

    April 29, 2014

Latest News
TribStar.com Poll
AP Video
Raw: Thousands Flocking to German Crop Circle Raw: Otters Enjoy Water Slides at Japan Zoo Texas Scientists Study Ebola Virus Two Women Narrowly Avoid Being Hit by Train Smartphone Powered Paper Plane Debuts at Airshow Raw: Plane Lands on New York Highway Raw: Deadly Landslide Hits Indian Village Raw: 16 Killed in Gaza Market Strike Southern Accent Reduction Class Cancelled in TN Obama Chides House GOP for Pursuing Lawsuit Raw: Bolivian Dancers Attempt to Break Record Crayola Announces Family Attraction in Orlando Harding Love Letters Now Open to Public Raw: Amphibious Landing Practice in Hawaii LeBron James Sends Apology Treat to Neighbors Six PA Cops Indicted for Robbing Drug Dealers Kangaroo Goes Missing in Oklahoma Raw: Guinea Rap Concert Stampede Kills 33+ Cat Fans Lap Up Feline Film Festival 3Doodler Bring 3-D Printing to Your Hand
NDN Video
Heartwarming 'Batkid Begins' Documentary is Tear-Jerker Orlando Bloom 'Takes a Swing' at Justin Bieber In Ibiza Pitch Invading Morons Cause Chaos - @TheBuzzeronFOX Sadie Doesn't Want Her Brother to Grow Up "Maxim" Hotness! See Jessica Alba's Sizzling Spread Two women barely avoid being hit by train Broken Water Main Floods UCLA Orlando Bloom and Justin Bieber Reportedly Came To Blows In Ibiza Meet the Man Behind Dumb Starbucks Chris Pratt Adorably Surprises Kids at a 'Guardians of the Galaxy' Screening NOW TRENDING: Peyton Manning dancing at practice "The Bachelorette" Makes Her Decision Thieves pick the wrong gas station to rob Golden Sisters on '50 Shades' trailer: 'Look At That Chest!' Staten Island Man's Emotional Dunk Over NYPD Car - @TheBuzzeronFOX GMA: Dog passes out from excitment to see owner Baseball Hall of Famers Inducted 'Hunger Games: Mockingjay Part 1' Sneak Peek Florida Keys Webcam Captures Turtles Hatching Morgan Freeman Sucks Down Helium on 'Tonight Show'
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity