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If Indiana is serious about maintaining gambling as an attraction for people from Michigan and Illinois, stunting growth in NWI for 20 years is a bad move.
I’m not sure what the breakdown of tax revenue from gaming is – other than some goes to education – but it seems to me that the biggest portion of tax revenue from NWI casinos should go right back into NWI. There is a lot of potential in NWI; it has beaches and a national park, it’s adjacent to Chicago, and it’s a couple hours from Indianapolis and Detroit. The State should be putting as much money into revitalizing the area as possible.
Tangentially, if we want to compete for jobs and talent with Michigan and Illinois near Lake Michigan, we should hurry up and legalize marijuana. Casinos are okay for day-trip tourism and not much else.
25% of the tax collected on casinos is controlled by the locals and 75% to the State. Unlike other states, casino taxes are not specifically dedicated to education.
Andrew Cuomo did a deal like this with a tribe in Western NY. It later blew up in his face as the tribe stopped paying but others were still banned from entering the areas with casinos. It got so bad that the tribe prevented the state from repaving damaged sections of Interstate 90; the New York State Thruway.