Section 4-36-2-9 - "Gross receipts"(a) "Gross receipts" means the total amount of money exchanged for the purchase of: (4) raffle tickets purchased in a qualified drawing in which the retailer retains the profits of the qualified drawing; by the patrons of a type II gaming operation.
(b) The term does not include any amount wagered on qualified drawings conducted by a retailer under IC 4-36-5-1(c) in which the total amount wagered is returned to the retailer's patrons in the form of prizes.Amended by P.L. 19-2011, SEC. 1, eff. 7/1/2011.As added by P.L. 95-2008, SEC.13. Amended by P.L. 108-2009, SEC.14.