Indiana Code 4-31-7.5-15. Secondary pari-mutuel organization licenses
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Sec. 15. (a) The commission may issue to a secondary pari-mutuel organization a license to offer advance deposit wagering to Indiana residents if the commission:
(2) approves the contract submitted under section 13 of this chapter.
(1) finds that the applicant satisfies the requirements of this chapter and the rules adopted by the commission under section 11 of this chapter; and
Terms Used In Indiana Code 4-31-7.5-15
- advance deposit wagering: means a system of pari-mutuel wagering in which wagers of an account holder are debited and payouts are credited to an account established by the account holder, regardless of whether the wagers are made in person, by telephone, or through communication by other electronic means. See Indiana Code 4-31-7.5-3
- Contract: A legal written agreement that becomes binding when signed.
- secondary pari-mutuel organization: means an entity that offers advance deposit wagering. See Indiana Code 4-31-7.5-7
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(b) The term of a license issued under this chapter is one (1) year.
(c) The annual license renewal fee is one thousand dollars ($1,000).
As added by P.L.268-2017, SEC.12.