- (a) This section applies to adjusted gross receipts received after June 30, 2015.
(b) A licensee shall annually withhold the product of:
- (1) seventy-five thousand dollars ($75,000); multiplied by
(2) the number of racetracks operated by the licensee;
from the amount that must be distributed under section 12(b)(3) of this chapter.
- (c) A licensee shall transfer the amount withheld under subsection
- (b) 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).
As added by P.L.213-2015, SEC.53.