March 27: Steuben similar to casino site identified in state of Indiana study

Fort Wayne Business Weekly
A study suggests a Steuben County casino could generate similar gaming tax revenue to potential sites identified in a prior Indiana Gaming Commission study.

Summary

A feasibility study for Steuben County indicates a casino there could generate up to $66.6 million in gaming tax receipts, comparable to the $61.1 million estimated for a site in DeKalb County identified in a 2025 Spectrum Gaming study commissioned by the Indiana Gaming Commission. This comparison arises from legislation creating a 14th casino license in Indiana. The Steuben County study, conducted by AM Steinberg Advisors, estimates between $14.1 million and $16.6 million in annual tax revenue for the county, representing 20-23% of its 2025 property and income tax revenue. The casino's success would rely on attracting out-of-state visitors, with the potential to create 800-1,200 jobs and require a $500 million investment, including a 200-250 bed hotel. The legislation requires a local referendum and prohibits public funding or tax abatements for the development.

(Source:Fort Wayne Business Weekly)

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