1. (a) A licensee shall annually withhold the sum of:

   1. (1) the product of:

      1. (A) seventy-five thousand dollars ($75,000); multiplied by

      2. (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. (2) forty-five hundredths percent (0.45%) of the adjusted gross receipts from the previous month at each casino operated by the licensee.
2. (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).
3. (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.