Gambling in Indiana

1642 Words4 Pages

GAMBLING IN INDIANA

Almost 9 out of 10 adults will gamble in their lifetime. Although gambling can be in many forms, such as lottery, sports betting, and illegal gambling, casino gambling remains one of the most popular gambling activities. With 12 casinos in Indiana, the state revenue can lead to big business. Over the past decade, Indiana has brought in a large amount of revenue from its 12 river boat casinos. In fact, Indiana is third in the nation in gambling revenue - only trailing Las Vegas and New Jersey (Walker, 2013). However, the gambling market is quickly changing, and Indiana is not. Online gambling is now more prevalent than ever, and surrounding Midwest states have rapidly entered the competitive gambling market. Indiana has the option to allow land based casinos, but, to date, has decided not to move forward. Without changes to the current casino gambling laws, Indiana will lose competitiveness in a market being saturated with casinos. This paper was authored by Indiana casino employee and references some of the personal experiences and knowledge that has been passed through emails, meetings and through general conversations during the last several years.

Indiana gambling laws are enforced by the Indiana Gaming Commission. Under Chapter 9 Gambling Operations, IC 4-33-9-1 in Indiana’s legislative code, one will find the following under “Approved gambling locations”

Sec. 1. Gambling may be conducted on a riverboat or in a facility in which a card tournament approved under section 10.5 of this chapter is conducted by:

1. A licensed owner,

2. An operating agent; or

3. A trustee in accordance with IC 4-33-21

(Indiana Gaming Commission, 2013) Although this code does allow card tournaments in several l...

... middle of paper ...

...hanges are designed to assist the state’s casinos against increased competition from the states that surround Indiana.

Bibliography

Cook, T. (2013, March 3). Competition looms for Indiana’s riverboat casinos. USA Today.

Retrieved on November 23rd 2013 from

http://www.usatoday.com/story/news/nation/2013/03/03/competition-looms-riverboat- casinos/1959323/.

Grinols, E. (2004). Gambling in America Costs and Benefits. Cambridge, UK

Cambridge: University Press.

Gross, E (2007). Governing Fortune: Casino Gambling in America. Ann Arbor,

Michigan: The University of Michigan Press.

Indiana Gaming Commission. (2013). 2013 Statues & Rules.

Retrieved from on November 23rd 2013 from

http://www.in.gov/igc/2328.htm

Walker, D (2013). Casinomics: The Socioeconomic Impacts of the Casino

Industry. New York, New York: Springer.

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