Sec. 2. "Adjusted gross receipts" means:
(1) the total of all cash and property (including checks received by a certificate holder, whether collected or not) received from authorized sports wagering offered by a certificate holder; minus
(2) the total of:
(A) all cash paid out as winnings to sports wagering patrons, including the cash equivalent of any merchandise or thing of value awarded as a prize; and
(B) uncollectible gaming receivables, not to exceed the lesser of:
(i) a reasonable provision for uncollectible patron checks received from sports wagering; or
(ii) two percent (2%) of the total of all sums (including checks, whether collected or not) less the amount paid out as winnings to sports wagering patrons.
For purposes of this section, a counter or personal check that is invalid or unenforceable under this article is considered cash received by the certificate holder from sports wagering.
As added by P.L.293-2019, SEC.43. Amended by P.L.146-2020, SEC.1.
Structure Indiana Code
Title 4. State Offices and Administration
4-38-2-2. "Adjusted Gross Receipts"
4-38-2-3. "Amateur Youth Sporting Event"
4-38-2-4. "Certificate Holder"
4-38-2-11. "Licensed Facility"
4-38-2-13. "Occupational License"
4-38-2-19. "Sports Wagering Device"
4-38-2-20. "Sports Wagering Service Provider"
4-38-2-21. "Sports Wagering Service Provider License"