Authority: IC 4-38-3-1

Affected: IC 4-38

Sec. 1. A sports wagering operator shall maintain a reserve in the form of cash, cash equivalents, payment processor reserves, payment processor receivables, an irrevocable letter of credit, a bond, or combination thereof, of not less than the greater of five hundred thousand dollars ($500,000) or the amount necessary to ensure the ability to cover the outstanding sports wagering liability.

(Indiana Gaming Commission; 68 IAC 27-3-1; filed Jun 25, 2021, 2:59 p.m.: 20210721-IR-068200420FRA; readopted filed Nov 13, 2025, 2:46 p.m.: 20251210-IR-068240626RFA)