§ 4-33-2-2 — "Adjusted gross receipts"

Indiana § 4-33-2-2

• Jurisdiction: Indiana
• Art. 33: RIVERBOAT GAMBLING
• Ch. 2: Definitions

Text

(a) "Adjusted gross receipts" means:
(1) the total of all cash and property (including checks received
by a licensee or an operating agent) whether collected or not,
received by a licensee or an operating agent from gaming
operations; minus
(2) the total of:
(A) all cash paid out as winnings to patrons; and
(B) uncollectible gaming receivables, not to exceed the lesser
of:
(i) a reasonable provision for uncollectible patron checks
received from gaming operations; 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 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
licensee or operating agent from gaming operations.
(b) The term does not include amounts received from sports
wagering conducted by a licensee or operating agent under IC 4-38.

Legislative History

As added by P.L.277-1993(ss), SEC.124. Amended by P.L.92-2003, SEC.3; P.L.293-2019, SEC.4.