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§ 4-31-9-1 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 4 - State Offices and Administration/
  5. Article 31 - Pari-mutuel Wagering on Horse Races/
  6. Chapter 9 - Taxation and Distribution of Pari-mutuel Revenues4-31-9-1. Withholdings/
  7. § 4-31-9-1
Indiana Legal Code

§ 4-31-9-1

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A person that holds a permit to conduct a horse racing meeting or a license to operate a satellite facility shall withhold:(1) eighteen percent (18%) of the total of money wagered on each day at the racetrack or satellite facility (including money wagered on exotic wagering pools, but excluding money wagered on gambling games under IC 4-35); plus(2) an additional three and one-half percent (3.5%) of the total of all money wagered on exotic wagering pools on each day at the racetrack or satellite facility.As added by P.L.341-1989(ss), SEC.2. Amended by P.L.24-1992, SEC.27; P.L.233-2007, SEC.10; P.L.255-2015, SEC.4.