This was taken from article in this morning Cinti. Enquirer.
Four Hoosier casinos could lose nearly $300 million from the added Ohio competition, the state stands to lose as much as $103 million in taxes and the communities who will lose gambling visitors already are preparing for smaller budgets and belt-tightening.
A study by the state's Legislative Services Agency predicts that Indiana's three casinos in the southeast corner of the state - Grand Victoria, Belterra Casino near Markland and Hollywood Casino in Lawrenceburg - will lose 30 to 38 percent of their customers, resulting in a total revenue loss ranging from $202 million to $260 million per year.
Ohio's vote was a blow to Rising Sun and Lawrenceburg - two southeastern Indiana cities that have been rejuvenated and defined by their casinos.
In Lawrenceburg, the casino already made big changes preparing for Ohio competition.
Pennsylvania-based Penn National Gamingopened its new $335 million Hollywood Casino in June in an attempt to ward off future competitors. Penn hedged its bets in both states, however, and has the rights to develop the new casinos in Toledo and Columbus.
Lawrenceburg Mayor Bill Cunningham said Penn's investment should help protect his city's tax revenues from the casinos.
But he's still not taking any chances. Cunningham said the city no longer would seek "dream projects" and will begin saving more of the $20 million in gaming taxes it receives each year. "We're used to looking all over for things we could build, projects we could do," he said. "Now, we'll put the blinders on."