Sec. 12.5. (a) A licensee shall annually withhold the sum of:
(1) the product of:
(A) seventy-five thousand dollars ($75,000); multiplied by
(B) the number of racetracks operated by the licensee;
from the amount that must be distributed under section 12(b) of this chapter; and
(2) forty-five hundredths percent (0.45%) of the adjusted gross receipts from the previous month at each casino operated by the licensee.
(b) A licensee shall transfer the amount withheld under subsection (a)(1) to the Indiana horse racing commission for deposit in the gaming integrity fund established by IC 4-35-8.7-3. Money transferred under this subsection must be used for the purposes described in IC 4-35-8.7-3(f)(1).
(c) A licensee shall transfer the amount withheld under subsection (a)(2) to the Indiana horse racing commission for deposit in the Indiana horse racing commission operating fund established by IC 4-31-10-2.
As added by P.L.213-2015, SEC.53. Amended by P.L.108-2019, SEC.77; P.L.168-2019, SEC.19; P.L.156-2020, SEC.10.
Structure Indiana Code
Title 4. State Offices and Administration
Article 35. Gambling Games at Racetracks
Chapter 7. Conduct of Gambling Games at Racetracks
4-35-7-1. Gambling Games Authorized at Racetracks
4-35-7-1.5. Approval of Limited Mobile Gaming Systems
4-35-7-3. Minimum and Maximum Wagers
4-35-7-5. Presence of Commission Employees
4-35-7-6. Purchase or Lease of Gambling Equipment
4-35-7-7. Permitted Forms of Wagering
4-35-7-8. Presence Required for Wagering
4-35-7-9. Permitted Means of Wagering
4-35-7-10. Use of Tokens and Electronic Cards
4-35-7-13. Restrictions on Money Distributed to Horsemen's Associations
4-35-7-14. Pari-Mutuel Wagering on Horse Racing Permitted in Slot Machine Facilities
4-35-7-15. Mandatory Distributions to the Gaming Integrity Fund
4-35-7-16. Negotiation of Distribution Agreement
4-35-7-18. Criteria for Evaluating Distribution Agreement or for Establishing a Distribution Amount