 House Bill 1835 
As passed by the Indiana House, HB 1835 proposes:
- Authorization of 2,500 slot machines at each racetrack (Anderson and Shelbyville);
- Projected total Adjusted Gross Receipts (AGR) is $533 million (AGR is the difference between the amount wagered and the amount paid out in winnings to customers);
- Creates 2,000 jobs and maintains the 4,400 current jobs in the horseracing industry. There has been a loss of more than 2,200 jobs in the horse racing industry since 2001;
- Estimates mean approximately $185 million annually for state purposes from a 37.5% graduated wager tax. In addition the reversion of the $27 million dollar riverboat subsidy from the Indiana Horse Racing Commission to other State uses;
- New state gaming revenue to be split between the state general fund, local revenue sharing to non-gaming counties and local horse track host communities;
- Requires Track owners to distribute more than $80 million annually in purse monies to the horse industry (15% of AGR);
- Eliminates three OTB’s from what is authorized under current law (current law allows for up to 8 OTB’s);
- Gaming contained at two locations where legal gaming already occurs every day;
- Creates funding for horse welfare, equine promotion and backside benevolence;
- Gives stabilization to state gaming revenue stream by protecting against Ohio, Downtown Chicago and Kentucky gaming expansion;
- Requires that all slot machines be segregated to an adult (over 21) area; and,
- Actually reduces the number of locations where gaming occurs in state by eliminating five currently licensed OTB's and three currently authorized, but not open, OTB's.
- Creates funding for horse welfare, equine promotion and backside benevolence.
- Requires that all slot machines be segregated to an adult (over 21) area.
- Gives oversight of electronic gaming machines to the Indiana Gaming Commission.
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