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Indiana Code Title 4. State Offices and Administration § 4-29.5-17-3

Current as of January 02, 2024 | Updated by FindLaw Staff

Sec. 3. In the event that the Band continues to conduct Class II gaming at its South Bend Site Gaming Facility after the Effective Date of this Compact, beginning with the second full Payment Period the total amount of the Band's payment of Net Win to the State due under section 2 of this chapter shall be in an amount that is not less than:

(1) the total Net Win from all Class III Electronic Games of Chance;

(2) divided by the total number of such Class III Electronic Games of Chance;

(3) multiplied by eighty-five percent (85%) of the total number of all electronic Class II gaming devices and all Class III Electronic Games of Chance in operation on the last day of the Payment Period; and

(4) multiplied by the applicable percentage of Net Win due under section 2 of this chapter.

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Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-29.5-17-3 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-29-5-17-3/

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