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Indiana Code Title 4. State Offices and Administration § 4-31-7.5-10

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

Sec. 10. (a) A licensed SPMO may accept advance deposit wagers for races conducted within or outside Indiana.  Advance deposit wagers made under this chapter are considered to have been made in Indiana.

(b) A licensed SPMO must have a single written contract signed by each permit holder.  The contract must be approved by the commission.  The contract must:

(1) specify the manner in which the amount of the source market fee is determined for each permit holder;

(2) govern all other aspects of the business relationship between the licensed SPMO and each permit holder;  and

(3) contain a provision reserving all rights of horsemen's associations under the federal Interstate Horse Racing Act (15 U.S.C. 3001 et seq.).

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Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-31-7.5-10 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-31-7-5-10/

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