(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.
Indiana Legal Code