Sec. 10. (a) A licensed SPMO may accept advance deposit wagers for races conducted within or outside Indiana. Advance deposit wagers made under this chapter are considered to have been made in Indiana.
(b) A licensed SPMO must have a single written contract signed by each permit holder. The contract must be approved by the commission. The contract must:
(1) specify the manner in which the amount of the source market fee is determined for each permit holder;
(2) govern all other aspects of the business relationship between the licensed SPMO and each permit holder; and
(3) contain a provision reserving all rights of horsemen's associations under the federal Interstate Horse Racing Act (15 U.S.C. 3001 et seq.).
As added by P.L.268-2017, SEC.12.
Structure Indiana Code
Title 4. State Offices and Administration
Article 31. Pari-Mutuel Wagering on Horse Races
Chapter 7.5. Advance Deposit Wagering
4-31-7.5-3. "Advance Deposit Wagering"
4-31-7.5-4. "Advance Deposit Wagering Account"
4-31-7.5-5. "Communication by Other Electronic Means"
4-31-7.5-7. "Secondary Pari-Mutuel Organization"
4-31-7.5-8. "Source Market Fee"
4-31-7.5-9. Advance Deposit Wagering Permitted
4-31-7.5-10. Licensed Spmo Acceptance of Advance Deposit Wagers
4-31-7.5-12. Licensed Spmo Compliance With Federal Laws
4-31-7.5-13. Secondary Pari-Mutuel Organization License Application
4-31-7.5-14. Extra Costs Incurred by the Commission
4-31-7.5-15. Secondary Pari-Mutuel Organization Licenses
4-31-7.5-18. "Net Source Market Fee"; Fee Payments; Horse Racing Promotion
4-31-7.5-19. Right of Action Against a Secondary Pari-Mutuel Organization