Although Indiana online casinos aren’t legal yet, that’s not stopping lawmakers from crunching the numbers.
According to a new financial impact study, a mature online casino industry could generate upwards of $812 million in revenue annually.
The Office of Fiscal and Management Analysis study also says it would take Indiana three years to reach full maturity. The $812 million is a bit conservative, considering a similar study by Spectrum Gaming Group. The Spectrum study estimated the revenue ceiling to be around $836 million.
Regardless, the fiscal note attached to a new online casino bill is 32% higher than in 2022. The difference between the failed bill in 2022 and this year’s bill is their tax rates.
