Indiana gambling tax revenue tops $1B for first time in a decade

Indiana gambling tax revenue tops $1B for first time in a decade

Article brief provided by The Times of Northwest Indiana
  • Dan Carden, The Times of Northwest Indiana
October 5, 2022 2:44 PM
  • Dan Carden, The Times of Northwest Indiana

Indiana tax revenue generated by Hoosiers gambling exceeded $1 billion during the 2022 state budget year for the first time in a decade, recently released data show.

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Altogether, state government reaped $1.04 billion from gambling-related revenue streams between July 1, 2021, and June 30, 2022 — an 8% increase from the $958.3 million in gambling taxes collected by Indiana during its 2021 budget year.

An upswing in casino wagering tax receipts largely was responsible for Indiana breaking the $1 billion mark for total gambling revenue.

According to the Indiana Gaming Commission, the two state taxes levied on the $2.5 billion in casino “win,” or earnings after paying off successful slot machine and table game bets, generated $660.2 million for Indiana during the 12-month period.