印第安纳州众议院上周以67票对30票通过了备受关注的赌场牌照搬迁法案（HB 1038），允许艾伦、斯托本、迪卡尔布和韦恩四个县竞争一张从“日出镇”迁出的博彩牌照。然而，市场研究报告中明确列为“最具商业价值”的首府印第安纳波利斯，却被排除在候选名单之外。说白了，不是不想赚这笔钱，而是怕冲击太大——一家新赌场很可能让附近两家与马产业绑定的赌场元气大伤。该法案本周将进入参议院公共政策委员会审议，若2月底前未能通关，一切又得重来。北美赌场牌照的动态博弈，PASA官网将持续关注。

一、牌照竞争四县入局，首府为何“落选”？

HB 1038的源头，是内华达运营商Full House Resorts长期试图将其位于日出镇的Rising Star Casino Resort牌照搬迁至更有潜力的区域。该赌场因邻近俄亥俄、肯塔基的竞争扩张，常年蝉联全州业绩倒数第一。

2025年，州议会通过SEA 43法案，委托第三方对潜在搬迁地展开市场评估。去年9月出炉的报告清晰显示：印第安纳波利斯吸金能力最强，但会显著侵蚀现有赌场，尤其是两家持牌赛马场—— Horseshoe Indianapolis 和 Harrah’s Hoosier Park。它们不仅提供博彩，还支撑着整个印第安纳的马产业。相比之下，韦恩堡地区虽收益略逊，竞争冲击却小得多，因此成为立法者的“稳妥选项”。艾伦、斯托本、迪卡尔布三县均位于该区域，加上独立入局的韦恩县，四家将争夺同一张牌照。

二、赌场搬迁流程与门槛：5亿投资+5000万费用

HB 1038为搬迁流程划定了清晰的规则框架：

•投标资格：四县均可提出方案，除牌照持有人Full House外，州内现有13家赌场的运营商亦有权参与竞标。
•地方背书：选址方案须获当地市长及县委员会支持，但无需公投——这与印第安纳以往所有赌场项目必须经选民点头的传统形成鲜明对比。
•最终裁决：印第安纳博彩委员会须在2027年4月15日前确定中标者。
•财务门槛：

若Full House未中标，胜出方须按委员会评估的公允市价收购Rising Star；

另需支付5000万美元搬迁费，分五年缴清；

新开发项目最低资本投资5亿美元。

这套“高价入场”机制，既保证州库有稳定进账，也过滤掉实力不足的竞标者。

三、补偿难题未解，法案仍存变数

法案最大的争议点，在于对牌照迁出地——日出镇及俄亥俄县的补偿方案。目前条款仅提供3000万美元的一次性税收损失补偿，但当地官员直言“远远不够”。按目前年均约500万美元的税收贡献计算，这笔钱只够弥补六年缺口，而失去赌场的影响是永久性的。知情人士透露，立法者正考虑将一次性补偿改为永续年度分成，但尚未写入草案。

参议院议长罗德里克·布雷对法案通过表示乐观：“研究已经证明，东北部完全撑得起一座新赌场。”然而，要在月底前完成参议院三读、协调两院分歧、送州长签署，时间非常紧迫。补偿金额能否谈拢、首府是否会杀个回马枪，仍是法案闯关路上的未知数。

————

本文来自 “PASA-全球iGaming领袖” 博彩业新闻频道：https://t.me/pasa_news

博彩原创深度频道：https://t.me/gamblingdeep

免费数据报告： @pasa_research

PASA矩阵： @pasa002_bot

PASA官网： https://www.pasa.news

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