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Land-based Casino Gambling a Losing Game

Gambling in Indiana is getting the look over. Cherry Masters, casino video gambling machines found in bars, convenience stores and truck stops across the state, are being checked and, according to Brad Klopenstein, a member of the Indiana Licensed Beverage Association, the casino machines has driven these establishments to offer the games ‘underground’. These casino machines are unregulated, which is causing concern among officials that minors will have easier access to these video gambling outlets.

‘They are now going into the truck stops and the laundromats and the bait shops and often times we hear barns and sheds and people’s garages,’ says Klopenstein. Because the state legislature has not voted on regulating these casino machines, and therefore reducing the amount of them found all over the state, the other alternative is to simply enforce the law. This is what the State of Indiana is doing, much to the dismay and disapproval of casino machine owners.

It is estimated that by not taxing the Cherry Masters casino machines the state is actually losing out on $200 million in revenues every year. How this situation will end – with the dismantling of all of the estimated 20,000 casino machines – or with the legalization and regulation of them, is unclear. As it is with online casino sites and the law banning them from operation within the U.S., the fight for regulation and legalization of casino gambling from state to state continues.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.