Sec. 17. (a) Subject to subsection (b), if:
(1) a distribution agreement is not submitted to the Indiana horse racing commission before the deadlines imposed by section 16 of this chapter; or
(2) the Indiana horse racing commission is unable to approve a distribution agreement;
the Indiana horse racing commission shall determine the percentage of a licensee's adjusted gross receipts that must be distributed under section 12(b) of this chapter.
(b) The Indiana horse racing commission shall give the negotiation committees an opportunity to correct any deficiencies in a proposed distribution agreement before making a determination of the applicable percentage under subsection (a).
(c) The Indiana horse racing commission shall consider the factors used to evaluate a distribution agreement under section 18 of this chapter when making a determination under subsection (a).
As added by P.L.210-2013, SEC.16. Amended by P.L.108-2019, SEC.79; P.L.168-2019, SEC.21.
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