Indiana And Michigan Could Lose Casino Gambling Revenue To Ohio
It is happening all across the US, and after yesterday's vote in Ohio, it will soon be happening to casinos in Michigan and Indiana. Competition is the casino gambling industry is causing concern in many areas that have been reliant on casino revenue.
Indiana and Michigan have become just the latest states that have had to deal with the possibility of lost revenue to a neighboring state. New Jersey has been dealing with the issue now for several years.
What has happened in other states is that when competition has grown, they have expanded their gambling options. In Pennsylvania, they understood that Connecticut and New York were expanding casino gambling, so they have recently explored the possibility of expanding to full-scale casinos, including table games.
Whether Michigan or Indiana will look to their expand their options it is still too early to tell. One thing is certain though, the groups with gambling interests in these states did not want a positive outcome to the gambling initiative in Ohio.
"There is a good chance that yesterday's vote in Ohio could set off an all-out gambling war between Indiana, Michigan, and Ohio," said Gaming Analyst Steve Schwartz, "Ohio may be a little behind, but with four new casinos to be built, they could change the entire landscape of gambling in the area."
Voters approved Issue 3 yesterday in Ohio. The initiative calls for casinos to be built in four major cities in Ohio, Cleveland, Columbus, Cincinnati, and Toledo. The state will now begin the process of selecting developers for these casinos.
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