Indiana Live Casino is preparing to hire more than 350 people as it prepares to open its 233,000 square-foot permanent facility next to Indiana Downs in Shelbyville, Ind.

Since opening its temporary, 70,000 square-foot facility in June, the casino has employed more than 420 full- and part-time workers. When the permanent facility opens early next year, it will employ more than 750. Annual payroll is expected to be more than $19 million.

The project is being developed by the Baltimore, Md.-based developer The Cordish Co., which also developed Louisville’s Fourth Street Live.

The casino, which is located about 20 miles southeast of Indianapolis, is expected to pay more than $74 million in taxes on gaming revenue and purse contributions in its first year of operation. Nearly $45 million of that will go to the state’s Property Tax Reduction Trust Fund, and an estimated $5 million will be administered to Shelby County cities and towns.