IN HB1235

Authorizes video gaming terminals in veterans organizations, fraternal organizations, establishments with on-premises alcohol licenses, and truck stops, with a maximum of 5 terminals per location

Imposes a 30% tax on adjusted gross receipts from video gaming, with revenue split: 30% to state general fund, 35% to the municipality, and 35% to the county where the establishment is located

Establishes a licensing structure requiring manufacturers, distributors, suppliers, operators, and establishments to obtain separate licenses with initial fees ranging from $500 (establishments) to $35,000 (out-of-state manufacturers/distributors/suppliers)

Restricts video gaming to patrons 21 and older, limits maximum wagers to $2 per hand and maximum winnings to $599 per hand, and requires terminals to have 80-95% payout rates

Allows cities, towns, and counties to pass ordinances prohibiting video gaming within their jurisdiction after June 30, 2026, and prohibits video gaming within 100 feet of schools/places of worship or 1,000 feet of existing casinos