Casino operators in Indiana have hit a jackpot after state Gov. Eric Holcomb recently signed a new casino tax law.

The Chicago Tribune reported that many casino operators had previously called on the state government to abolish the add-back tax on casinos, which they described to be unfair. Many lamented that casinos are the only businesses in the state that are required to pay the add-back tax

Their pleas were finally heard when Holcomb signed House Bill 1350 into a law. The new casino tax law effectively phased out an add-back tax over eight years and switch them from an admissions tax to a supplemental wagering tax, which was based on a percentage of gross gaming revenues.

Blue Chip Casino and Spa, which claimed to be one of the hardest hit by the admissions tax believes that the enactment of the new tax law will provide the Indian casino industry with stability from a tax perspective, and it will encourage additional re-investment in Indiana.