Introduced House Bill (H)

Authored by

DIGEST

Sports wagering. Authorizes a permit holder, a licensed riverboat owner, or an operating agent to conduct sports wagering in sports books located on the premises of the satellite facility, racino, or riverboat operated by the permit holder, licensed riverboat owner, or operating agent. Specifies the duties and powers associated with sports wagering. Provides that sports wagering receipts are taxed with the other receipts of a riverboat or racino. Provides that sports wagering receipts are not included in the determination of a racino's mandatory support for the horse racing industry or in the determination of a racino's county slot machine wagering Sports wagering. Authorizes a permit holder, a licensed riverboat owner, or an operating agent to conduct sports wagering in sports books located on the premises of the satellite facility, racino, or riverboat operated by the permit holder, licensed riverboat owner, or operating agent. Specifies the duties and powers associated with sports wagering. Provides that sports wagering receipts are taxed with the other receipts of a riverboat or racino. Provides that sports wagering receipts are not included in the determination of a racino's mandatory support for the horse racing industry or in the determination of a racino's county slot machine wagering fee. Imposes a separate wagering tax on the sports wagering receipts of the sports books operated on the premises of satellite facilities. Provides that tax revenue from sports wagering is distributed in equal amounts to the Indiana secured school fund and the tourism information and promotion fund. ... View more