Here is the actual report from last month out of the Indiana state government looking at the impact of new casinos on their revenues. Estimates of the Fiscal Impacts from Out-of-State Casino Competition and Movement of Casino Licenses in Indiana
. The whole idea of displacement when it comes to casino revenues is something Atlantic City is learning the hard way
. It's not like it is a topic that has not been studied
Not that current casino revenues
are building much confidence here in town, but they do seem to be in a range for now.
Which all inspired a picture. This was intended to be a look at what the potential impact of future casino openings might be on revenues here. In the graphic below all the circles are 100 mile radii around Pittsburgh and around the potential locations of casinos that may be yet to come.Not included are other already operating casinos which are nearby. The red is 100 miles around Pittsburgh. The orange is Lawrence County which until its prospective owner filed for bankruptcy next week was slated to get a casino into operation. The pink circles are for the locations that are designated to get casinos with both slots and table games per the Ohio referendum that just passed. So just to give some visual perspective on all that... you get this graphic for what it's worth:
Of course it's not that simple. Nothing concrete about 100 miles versus 50 or 200, but it is certainly within a range that the professional casino industry analysts use
when looking at this type of thing. If most patrons come from closer it's less of a issue, but if the catchment area is even 150 miles the intersection of those footprints is significantly larger than shown here... at 200 miles even more so. There are second order effects as well I suspect. The other nearby casinos I didn't show on this graphic will also be hit by the same competition and will ramp up their own efforts to maintain reveneus... so pressures will compound for local enterprises.