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§ 4-36-2-13-5 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 4 - State Offices and Administration/
  5. Article 36 - Type II Gaming in Establishments Licensed to Sell Alcoholic Beverages/
  6. Chapter 2 - Definitions4-36-2-1. Application of Definitions/
  7. § 4-36-2-13-5
Indiana Legal Code

§ 4-36-2-13-5

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'Profits' means the difference between:(1) the total amount of money exchanged for the purchase of a raffle ticket in a qualified drawing; minus(2) the total cost of the prizes awarded in the qualified drawing.As added by P.L.19-2011, SEC.2.