Senate Bill 455 - Video Gaming Terminals Summary

• Authorizes wagering on video gaming terminals in licensed retail establishments (bars/restaurants), charitable organizations, and truck stops, effective July 1, 2015.

• Establishes a licensing structure administered by the Indiana Gaming Commission for manufacturers, distributors, suppliers, operators, and establishments, with initial fees ranging from $500 to $35,000.

• Imposes a 30% tax on adjusted gross receipts (total wagered minus prizes paid), with 60% of tax revenue deposited in the state general fund and 40% distributed quarterly to municipalities and counties that have not prohibited video gaming.

• Limits video gaming to 5 terminals per retail or charitable establishment and 10 per truck stop, with maximum wager of $2 per game and maximum win of $599 per hand.

• Restricts video gaming operations to periods when alcoholic beverages are lawfully served, requires separation of gaming areas from minors, prohibits gaming within 100 feet of schools/places of worship and 1,000 feet of casinos, and establishes penalties including Class A misdemeanors for violations.