Section 4-36-5-6 - Minimum payouts(a) A type II gambling game in which tickets are sold for at least one dollar ($1) but not more than five dollars ($5) must pay out at least seventy-five percent (75%) and not more than one hundred percent (100%) of the amount wagered.(b) This subsection applies only to a type II gambling game ticket that is sold for less than one dollar ($1). A type II gambling game subject to this subsection must comply with the following minimum payout percentages: Purchase Price | Minimum Payout Percentage |
$0.10 | 60% |
$0.25 | 65% |
Three (3) tickets for one dollar ($1) | 65% |
$0.50 | 70% |
(c) A type II gambling game's payout percentage must be stated on the ticket or on the accompanying flare.Amended by P.L. 32-2023,SEC. 3, eff. 7/1/2023.As added by P.L. 95-2008, SEC.13. Amended by P.L. 108-2009, SEC.20.