Indiana Code 4-31-7.5-8. “Source market fee”
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Sec. 8. As used in this chapter, “source market fee” refers to the amount of an advance deposit wager made on any race:
(2) by an individual whose principal residence is within Indiana at the time the wager is made;
(1) through a licensed SPMO; and
Terms Used In Indiana Code 4-31-7.5-8
- Contract: A legal written agreement that becomes binding when signed.
- licensed SPMO: means a secondary pari-mutuel organization licensed under this chapter. See Indiana Code 4-31-7.5-6
that a permit holder is entitled to receive from the licensed SPMO under the terms of the contract required by section 10 of this chapter between the licensed SPMO and each permit holder.
As added by P.L.268-2017, SEC.12.