November 2017 marked the first full month the Tropicana Evansville was in operation within their land-based venue. The land-based facility opened on the 20th of October, earning $10.66 million for the remainder of the month and $11.94 million in November. This was a nice increase on a month to month basis as well as a major increase from the $8.8 million earned in November of last year.
According to the Courierpress.com, the Indiana Gaming Commission released the latest totals with the casino generating $2.91 million in taxes for November. This was a nice increase from the $2.45 million from October and much higher than the $2.02 million generated in taxes in November 2016. The Tropicana Evansville land-based casino cost $50 million to create and replaced the riverboat, which had been in business since 1995.
Tropicana Evansville General Manager, John Chaszar, commented on the recent performance of the casino by stating: “The casino is performing at our expectation. We knew there would be a bump (with the move ashore).”
It was in 2016 that legislation was passed in Indiana that enabled casinos of the riverboat variety to move onto land. The legislation also changed the way gaming establishments pay taxes. The Tropicana no longer has to pay admission taxes, with a supplemental tax now paid at 3% of the gross revenues of the facility.