Ind. Code § 35-45-5-5
The provisions of this chapter do not apply to:
(2) wagering on horse races conducted through advance deposit wagering accounts authorized by IC 4-31-7.5 .
As added by Acts 1977, P.L.47, SEC.3. Amended by P.L.341-1989(ss), SEC.13; P.L.24-1992, SEC.61; P.L.268-2017, SEC.41.