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Indiana Split over Slot Machines

Each year the legislature in Indiana hears about some bill trying to legalize slot machines in the state. The pari-mutuels have talked about it for years, trying to get the slot machines legalized as they are slowly dying out. If a slot machine bill is not passed soon, the tracks will no longer exist.

There are two bills this year, with one allowing 2,500 slot machines at each track in the state. The riverboats currently share their slot machine revenue with both the state and with the tracks, but it isn’t enough to keep them going, or make them competitive. With slot machines the tracks could offer higher purses, which they cannot do as it stands right now.

The tracks and industry currently share $27 million a year in subsidies from riverboat gambling revenue to help prop them up. The tracks have tried on numerous occasions to get their own slot machines or something like them that would help them, but the bills never pass the General Assembly. One slot machine proposal actually passed the House in 2004 – but did not pass the Senate.

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