Plans are being put into place in Ohio to bring in 17,500 slots in the seven horse racing tracks by mid 2010. There are also likely slots in tracks in Cincinnati and Toledo. Apart from this, the tribal casinos in Michigan are increasing slowly in number. There are more than 20 casinos operating already.
The extent of the competition from the two states is pretty threatening to Indiana.
Mike Smith, the president of Casino Association of Indiana remarked that they are going to be surprised to see $300 billion in revenue from taxes has already disappeared.
Early in the year, the revenues of Indiana were pretty high because of the casinos near the racetracks in Anderson and Shelbyville. However, now it seems that the tracks are slowly taping the $110 million of revenue which gamblers would have otherwise spent in the river boats.
Riverboat gambling has provided for nearly $766 million in taxes in the past year and the track casinos provided for $126.6 million taxes in the past year.
It is expected that player are going to spend their money within their state. Chances are not as bright for players to bet in by traveling so long when they have an option near their home.