Authority: IC 4-33-4; IC 4-35-4

Affected: IC 4-33; IC 4-35

Sec. 5. The casino licensee shall compute the net tournament receipts to be used in arriving at the daily adjusted gross receipts in the following manner:

1. (1) Add the total receipts from tournaments.
2. (2) Deduct tournament payouts, including prizes at their historical cost basis.

The casino licensee may not take a deduction for net tournament receipts if the computation results in a negative number.

(Indiana Gaming Commission; 68 IAC 15-5-5; filed Jul 18, 1996, 8:55 a.m.: 19 IR 3306; readopted filed Nov 25, 2002, 10:11 a.m.: 26 IR 1261; readopted filed Nov 14, 2008, 12:51 p.m.: 20081210-IR-068080730RFA; filed Dec 6, 2012, 2:32 p.m.: 20130102-IR-068110786FRA; readopted filed Sep 19, 2018, 4:09 p.m.: 20181017-IR-068180283RFA; readopted filed Nov 22, 2023, 8:28 a.m.: 20231220-IR-068230610RFA)