Indianapolis, Indiana, February 4, 2026
The Indiana House of Representatives has approved House Bill 1038, allowing the Rising Star Casino’s license to be relocated to one of four counties. This decision, made with a vote of 67-30, comes as a strategic response to increasing competition from nearby states. The bill aims to boost the state’s economy by facilitating significant investments in the casino sector. If the Senate approves the bill by the end of February, it will initiate the selection process for a new operator tasked with a substantial financial commitment towards development.
Indianapolis, Indiana
Indiana House Approves Casino Relocation Bill
The Indiana House of Representatives has taken a significant step forward by passing House Bill 1038, which allows for the relocation of the Rising Star Casino’s license to one of four counties: Allen, DeKalb, Steuben, or Wayne. With a decisive vote of 67-30, this bill now heads to the Senate for further deliberation, and if approved by the end of February, it will become law.
This legislation aims to revitalize an industry facing challenges due to intensified competition from neighboring states. Indiana’s entrepreneurial spirit and commitment to fostering private investment can help navigate this latest hurdle, continuing to cultivate economic opportunities within the state. By reducing regulatory barriers, the state promotes a business environment conducive to growth and innovation.
Details of the Legislation
House Bill 1038 enables the relocation of the Rising Star Casino, presently located in Rising Sun, to one of the specified counties. Oversight of the selection process will be managed by the Indiana Gaming Commission, which will choose a new operator by April 15, 2027. Proposals for the new casino must include a commitment to invest at least $500 million in development. Additionally, the chosen operator is required to pay a $50 million fee to the state over five years and compensate the city of Rising Sun and Ohio County with a total of $30 million to mitigate the loss of casino tax revenue.
Background and Rationale
The imperative for relocation stems from a notable decline in revenue at the Rising Star Casino, attributed to mounting competition from Ohio and Kentucky. A thorough analysis conducted by the Indiana Gaming Commission identified Indianapolis as the optimal location for a new casino, with northeast Indiana as a close second. The Fort Wayne area, in particular, is viewed as an under-served market that could offer fresh opportunities for the casino industry.
Next Steps
Following the House’s approval, the next step is for the Indiana Senate to consider the bill. Should the Senate pass the legislation by the end of February, the relocation process can commence, presenting another chance for economic growth in Indiana.
Local Communities and Economic Impact
This potential relocation has sparked interest in local communities, particularly in the selected counties where the casino may eventually reside. The significant investment of $500 million can create jobs, stimulate the economy, and strengthen various local sectors. Small businesses stand to benefit from increased tourism and foot traffic associated with a revitalized casino operation.
Conclusion
The passage of House Bill 1038 is a pivotal moment for the casino industry and the local economy alike. It highlights the resilience of Indiana’s entrepreneurial landscape and the capacity for recovery through strategic investments. For residents and business owners in the affected communities, the proposed relocation could herald a new era of growth and opportunity. Engaging with local business initiatives and supporting the legislation can play a crucial role in shaping Indianapolis’s economic future.
Frequently Asked Questions (FAQ)
What is House Bill 1038?
House Bill 1038 is legislation passed by the Indiana House of Representatives that allows the relocation of the Rising Star Casino’s license to one of four counties: Allen, DeKalb, Steuben, or Wayne. The bill passed with a 67-30 vote and now moves to the Senate for further consideration. If approved by the end of February, the legislation will become law.
What are the requirements for the new casino operator?
The new casino operator must invest at least $500 million in the development of the new casino. Additionally, the operator is required to pay a $50 million fee to the state over five years and compensate the city of Rising Sun and Ohio County with a total of $30 million to offset the loss of casino tax revenue.
Why is the Rising Star Casino relocating?
The Rising Star Casino has experienced a significant decline in revenue due to increased competition from neighboring states, including Ohio and Kentucky. A study by the Indiana Gaming Commission identified Indianapolis as the top location for a casino relocation, followed by northeast Indiana. The Fort Wayne area was considered a less saturated market, potentially offering new opportunities for the casino industry.
What is the next step for the bill?
The bill now awaits approval from the Indiana Senate. If the Senate approves the legislation by the end of February, it will become law, allowing the relocation process to proceed.
Key Features of House Bill 1038
| Feature | Description |
|---|---|
| Eligible Counties | Allen, DeKalb, Steuben, and Wayne |
| Investment Requirement | At least $500 million in new casino development |
| State Fee | $50 million over five years |
| Compensation to Rising Sun and Ohio County | $30 million total |
| Selection Deadline | New operator to be chosen by April 15, 2027 |
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