71 IAC 9-2.1-11

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

Last amended: 2023Year: 2027Length: 70 wordsOfficial source

Cite as Ind. Admin. Code tit. 71, r. 9-2.1-11

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: 71 IAC 9-2.1-11 "Source market fee" defined | Justis AI