IN HB1350

Legislative Description

Gaming. Authorizes advance deposit wagering on horse racing. Provides that each permit holder shall pay to the Indiana horse racing commission (IHRC) as an advance deposit wagering fee an amount equal to 60% of the net source market fee received by the permit holder from a licensed secondary pari-mutuel organization (SPMO). Provides that the IHRC shall use this revenue as follows: (1) 25% of the revenue shall be used to promote horse racing conducted at the state fair and at county fairs. (2) 75% of the revenue shall be distributed to different horsemen's associations to encourage Indiana horse owners and

Last Action

Committee Referrals