"Gross receipts"

Ind. Code § 4-36-2-9
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 9. (a) "Gross receipts" means the total amount of money exchanged for the purchase of: (1) pull tabs; (2) punchboards; (3) tip boards; and (4) raffle tickets purchased in a qualified drawing in which the retailer retains the profits of the qualified drawing; by the patrons of a type II gaming operation. (b) The term does not include any amount wagered on qualified drawings conducted by a retailer under IC 4-36-5-1(c) in which the total amount wagered is returned to the retailer's patrons in the form of prizes. As added by P.L.95-2008, SEC.13. Amended by P.L.108-2009, SEC.14; P.L.19-2011, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/4Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements