Section 4-38-2-2 - "Adjusted gross receipts" "Adjusted gross receipts" means:
(1) the total of all cash and property (including checks received by a certificate holder, whether collected or not) received from authorized sports wagering offered by a certificate holder; minus(2) the total of: (A) all cash paid out as winnings to sports wagering patrons, including the cash equivalent of any merchandise or thing of value awarded as a prize; and(B) uncollectible gaming receivables, not to exceed the lesser of: (i) a reasonable provision for uncollectible patron checks received from sports wagering; or(ii) two percent (2%) of the total of all sums (including checks, whether collected or not) less the amount paid out as winnings to sports wagering patrons. For purposes of this section, a counter or personal check that is invalid or unenforceable under this article is considered cash received by the certificate holder from sports wagering.
Amended by P.L. 146-2020,SEC. 1, eff. 7/1/2020.Added by P.L. 293-2019,SEC. 43, eff. 7/1/2019.