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IN HB1400
Bill
Status
1/16/2018
Primary Sponsor
Greg Beumer
Click for details
AI Summary
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Authorizes tavern retailers holding type II gaming licenses to conduct progressive raffle events using games approved by the Indiana gaming commission for qualified organizations with annual raffle licenses.
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Establishes that progressive raffle events have no prize limit and require a minimum 80% payout percentage, unlike standard type II games which are capped at $5,000 total prizes with 75% minimum payout.
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Includes progressive raffle events in calculating retailer adjusted gross revenue for license renewal fees and in the 10% excise tax imposed on distributors selling progressive raffle games.
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Permits unclaimed progressive raffle prizes to carry over to subsequent drawings until a winner is drawn, and exempts progressive raffle events from standard qualified drawing requirements.
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Requires retailers conducting progressive raffle events to obtain necessary supplies and equipment from licensed distributors and to comply with Indiana gaming commission requirements applicable to qualified organizations.
Legislative Description
Type II gaming. Authorizes retailers engaged in type II gaming to conduct progressive raffle events using games approved by the Indiana gaming commission for use by qualified organizations holding annual raffle licenses. Specifies requirements for conducting progressive raffle events. Specifies that progressive raffle events are included when determining a retailer's license renewal fee and when taxing distributors. Provides that there is no prize limit for a progressive raffle event and that the minimum payout percentage for a progressive raffle event is 80%.
Last Action
First reading: referred to Committee on Public Policy
1/16/2018