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Bill > SB0293


IN SB0293

IN SB0293
Relocation of riverboat gambling operation.


summary

Introduced
01/13/2025
In Committee
01/13/2025
Crossed Over
Passed
Dead
04/24/2025

Introduced Session

Potential new amendment
2025 Regular Session

Bill Summary

Relocation of riverboat gambling operation. Provides that the licensed owner of the riverboat located in the city of Rising Sun (licensed owner) may relocate gaming operations to a casino in the city of New Haven if certain conditions are met. Requires the licensed owner to pay a fee of $50,000,000 if the licensed owner sells or transfers the licensed owner's interest in the licensed owner's license within five years of the approval of relocation. Provides for distribution of supplemental wagering tax revenue and wagering tax revenue after the relocation of gaming operations. Establishes the together for tomorrow commission (commission). Specifies members to the commission. Specifies the purposes of the commission.

AI Summary

This bill allows the licensed owner of a riverboat currently located in Ohio County to relocate its gaming operations to a new casino in the city of New Haven, subject to several specific conditions. The licensed owner must submit a request to the Indiana Gaming Commission, commit to investing at least $500 million in the new casino development (with at least 50% invested in the initial phase), and work with local communities to redevelop the vacated site in Ohio County. If the licensed owner sells or transfers the license within five years of approval, they must pay a $50 million fee. The bill establishes a new "Together for Tomorrow Commission" composed of local government officials from New Haven and Fort Wayne to collaborate on how to use the tax revenue generated by the new casino. This commission will receive a portion of the casino's tax revenue and can use these funds for purposes such as public health, addiction services, homelessness prevention, and public safety. The bill also ensures that Ohio County and the city of Rising Sun will continue to receive a supplemental distribution similar to their previous gaming-related revenue, and requires that at least 20% of the city of New Haven's share of tax revenue be used for property tax relief for homeowners.

Committee Categories

Government Affairs

Sponsors (5)

Last Action

Senator Alting added as second author (on 01/30/2025)

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