Indiana Could See Significant Drop in Revenue

Every time you turn around another state is looking to add slot machines to their lineup. The various states across the US think that by adding in slot machines there is going to be a large increase in the amount of revenue the state gets. They are then planning on taking this money and applying it towards their budget shortfalls but this is never a good idea.
 
Depending on slot machine revenue to fund important projects is never a good idea because you can't count on the amount of money that you will get from the slot machines on a regular basis. Those states that first brought in slot machines saw the millions and billions of dollars that they can make from them, but then as other states brought in slot machines as well the negative impact saw their revenue drastically drop.
 
Indiana is just starting to see this now. Both Kentucky and Ohio are considering legalizing slot machines within their states, and if they do this the state of Indiana could conceivably lose more than $200 million a year in slot machine revenue.
 
According to the state's Legislative Services Agency, these two states would drastically impact the amount of revenue that is brought in by at least $200 million, and it could be more. This means that projects that are currently funded by the slot machine revenue would be left without that extra money. Indiana currently has 13 slot machine casinos across their state and they bring in roughly $900 million a year in both state and local taxes. But with Ohio and Kentucky breeding in slot machines they could easily see that revenue drop by 25%, possibly more.