{"data":{"id":"us-in/ic-4-38-2-2","jurisdiction":"us-in","citation":"IC 4-38-2-2","heading":"\"Adjusted gross receipts\"","body":"Sec. 2. \"Adjusted gross receipts\" means:\n(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\n(2) the total of:\n(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\n(B) uncollectible gaming receivables, not to exceed the lesser of:\n(i) a reasonable provision for uncollectible patron checks received from sports wagering; or\n(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.\nFor 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.","path":["TITLE 4. STATE OFFICES AND ADMINISTRATION","ARTICLE 38. SPORTS WAGERING","Chapter 2. Definitions"],"source_url":"https://iga.in.gov/ic/2026/Title_4.html#4-38-2-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-30T06:26:00Z","sha256":"7ab20a20e28ae9e61113c33bde65d70d4de3e71646d19cecedf037755ac79b07","source_id":"us-in","stale":false,"prev":"us-in/ic-4-38-2-1","next":"us-in/ic-4-38-2-3"},"notice":"GroundRules: Original legal text. Not legal advice."}