HB 1203 Summary

• Amends IC 4-33-2-2 to modify how riverboat gaming adjusted gross receipts are calculated for operations after June 30, 2012.

• Requires subtraction of wagers made using noncashable vouchers, coupons, electronic credits, or electronic promotions provided by licensees or operating agents from adjusted gross receipts calculations.

• Maintains existing deductions for cash paid out as winnings to patrons and uncollectible gaming receivables (capped at 2% or reasonable check provision amount).

• Creates separate calculation methods: pre-July 1, 2012 operations use the original formula, while post-June 30, 2012 operations include the new noncashable wager deduction.

• Effective July 1, 2012.