Indiana Code Title 4. State Offices and Administration § 4-38-2-2

Current as of January 01, 2026 | Updated by Findlaw Staff

Sec. 2. “Adjusted gross receipts” means:

(1) the total of all cash and property (including checks received by a certificate holder, whether collected or not) received from authorized sports wagering offered by a certificate holder; minus

(2) the total of:

(A) all cash paid out as winnings to sports wagering patrons, including the cash equivalent of any merchandise or thing of value awarded as a prize; and

(B) uncollectible gaming receivables, not to exceed the lesser of:

(i) a reasonable provision for uncollectible patron checks received from sports wagering; or

(ii) two percent (2%) of the total of all sums (including checks, whether collected or not) less the amount paid out as winnings to sports wagering patrons.

For purposes of this section, a counter or personal check that is invalid or unenforceable under this article is considered cash received by the certificate holder from sports wagering.

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Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-38-2-2 - last updated January 01, 2026 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-38-2-2/

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