The Indiana legislature is currently considering a proposal that could completely reshape the state’s gambling sector with an envisioned $750 million casino development in Indianapolis. Senate Bill 244, filed by Sen. Aaron Freeman, would allow Full House Resorts to relocate its gaming license from the small river town of Rising Sun to Marion County, setting the stage for one of Indiana’s most significant casino projects.
Indianapolis Is a Natural Choice for a Casino
Proponents of the bill argue that Indianapolis is a clear choice since it is the state’s largest population center, its busiest convention market, and a regional hub for sports and entertainment. A recent independent study predicted that a casino in downtown Indianapolis could generate roughly $170 million in annual gambling tax revenue and approximately $500 million in gross gaming revenue each year.
According to a recent report by The Indianapolis Business Journal, Sen. Freeman has a practical mindset. To him, casinos operate under licenses granted by the state and should be positioned where they can produce the greatest return. He argues that a casino is a natural extension for a city already attracting millions of tourists for conventions, professional sports, and major events.
If the goal is revenue, you put a casino in downtown Indianapolis every day of the week and twice on Sunday.
Indiana Sen. Aaron Freeman
Full House Resorts has had the idea of relocating its casino for several years. The company’s venue in Rising Sun has been struggling as neighboring states expanded gambling, siphoning customers across state lines into Ohio and Kentucky. While a proposal to move the license to Allen County stalled in committee last year, the company now faces an even greater opportunity.
The Bill Faces Some Competition
Under SB 244, a Full House relocation must satisfy several conditions. The company would pay a $25 million licensing fee and commit at least $750 million in the new Marion County project. The company will also be required to compensate Rising Sun and Ohio County with a year’s worth of tax revenue and secure the support of Rising Sun’s mayor.
However, the Indianapolis proposal faces competition. A rival bill in the House, HB 1038, proposes a brand-new casino license specifically for Allen County, requiring a minimum investment of at least $500 million. The business community in the Fort Wayne area has rallied behind this proposal, arguing that a casino could create jobs and bolster the local economy.
Despite economic prospects, both bills face opposition. Critics are concerned about gambling addiction and its social costs and question whether gambling could facilitate long-term growth. Existing casinos are also apprehensive, warning that a downtown Indianapolis property could cannibalize nearby venues. Lawmakers now face a dilemma: prioritize revenue growth or protect established markets and local communities.