Plain English Breakdown
The effective date of the law is not specified in the provided source material.
Indiana Gaming Law Changes
This law changes Indiana's gaming rules by limiting satellite licenses for horse racing and allowing voters in three counties to decide if they want inland casinos.
What This Bill Does
- Limits the number of satellite facility licenses that can be issued to three instead of four per permit holder.
- Requires Allen County, DeKalb County, and Steuben County to ask their voters if they want inland casino gambling.
- Allows the Indiana gaming commission to give a new riverboat license for an inland casino in those counties if approved by voters.
- Sets rules for applying for a casino license, including needing local government support and a plan to invest at least $500 million.
- Requires applicants who get approval to pay $150 million to the gaming commission.
Who It Names or Affects
- The horse racing commission
- Allen County, DeKalb County, and Steuben County voters
- The Indiana gaming commission
Terms To Know
- satellite facility licenses
- Special permits for additional locations related to horse racing.
- shuttered riverboat fund
- A fund used to help areas affected by the closure of riverboats or inland casinos.
Limits and Unknowns
- The law does not specify when it will take effect.
- It is unclear how many applications for casino licenses might be submitted.