Indiana Statutes
§ 4-31-9-2 — Purse money
Indiana·Art. 31 PARI-MUTUEL WAGERING ON HORSE RACES·Ch. 9 Taxation and Distribution of Pari-Mutuel Revenues
Each person that holds a permit to conduct a horse racing meeting or a permit holder licensed to operate a satellite facility shall pay as purse money from the amounts withheld under section 1 of this chapter an amount equal to:
(1)eight percent (8%) of the total amount of money wagered on
live races at a permit holder's racetrack; plus
(2)five percent (5%) of the total amount of money wagered on
simulcasts of horse races that originate from a permit holder's
racetrack and are televised at the permit holder's satellite
facilities; plus
(3)on the simulcast of races, for the Indiana sending or Indiana
receiving track, the total amount to be paid to purses, after
deducting:
(A)pari-mutuel tax payments owed to Indiana; and
(B)the contractual obligations owed to the racetrack from
which th
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Legislative History
As added by P.L.341-1989(ss), SEC.2. Amended by
P.L.24-1992, SEC.29.
Nearby Sections
15
§ 4-1-1-1
Dates beginning and ending§ 4-1-1-2
Reports to governor§ 4-1-10-1
Applicability§ 4-1-10-1.5
"Person"§ 4-1-10-11
Attorney general investigation of disclosures; notice to county
prosecutor and state police§ 4-1-10-12
Attorney general determination of infraction; report to appointing
authority and county prosecutor§ 4-1-10-13
Attorney general rulemaking authority§ 4-1-10-2
"State agency"§ 4-1-10-3
Nondisclosure of Social Security number§ 4-1-10-6
State agency compliance