INDIANAPOLIS (AP) — A top Indiana budget writer doesn't expect much of a state tax revenue boost if legislators approve proposals to legalize sports betting and allow new casinos in Gary and Terre Haute.
Republican House Ways and Means Committee co-chairman Todd Huston said sports betting could bring in $12 million a year. The new casinos and allowing table games at horse track casinos in Anderson and Shelbyville could mean about $30 million more. That total amounts to about one-third of 1 percent of expected state tax collections.
RELATED: State lawmakers place their bets on sports gambling
The Ways and Means Committee endorsed a proposal Tuesday that would allow sports betting only at casino sites, while a previous plan approved by the state Senate also permitted sports bets by mobile devices.
The proposal now goes before the full House.
