71 Ind. Admin. Code 9-2.1-11

Current through December 4, 2024

Section 71 IAC 9-2.1-11 - "Source market fee" defined

Authority: IC 4-31-7.5-11

Affected: IC 4-31-7.5-8; IC 4-31-7.5-10

Sec. 11.

"Source market fee" means the amount of an advance deposit wager made on any race:

(1) through a licensed SPMO; and

(2) by an individual whose principal residence is within Indiana at the time the wager is made;

that a permit holder is entitled to receive from the licensed SPMO under the terms of the contract required by IC 4-31-7.5-10 between the licensed SPMO and each permit holder.

71 IAC 9-2.1-11

Indiana Horse Racing Commission; 71 IAC 9-2.1-11; emergency rule filed Aug 29, 2018, 11:12 a.m.: 20180905-IR-071180370ERA

Readopted filed 7/6/2023, 1:50 p.m.: 20230802-IR-071230371RFA

NOTE: Agency cited as 71 IAC 9-2-7, which was renumbered by the Publisher as 71 IAC 9-2.1-11.