Indiana § 4-31-9-10 - Payment of breakage and outs; distribution
Full text of Indiana Indiana Code § 4-31-9-10 — Payment of breakage and outs; distribution, with citation guidance and answers to common questions.
§ 4-31-9-10. Payment of breakage and outs; distribution
Sec. 10. (a) At the close of each day on which pari-mutuel wagering is conducted at a racetrack or satellite facility, the permit holder or satellite facility operator shall pay the breakage from each of the races on which wagers were taken on that day to the department of state revenue for deposit in the appropriate breed development fund as determined by the rules of the commission.
(b) Not later than March 15 of each year, each permit holder or satellite facility operator shall pay to the commission the balance of the outs tickets from the previous calendar year. The commission shall distribute money received under this subsection to the appropriate breed development fund as determined by the rules of the commission.
(c) The payment of the breakage under this section must be reported and remitted electronically through the department's online tax filing program.
As added by P.L.24-1992, SEC.33. Amended by P.L.159-2021, SEC.1; P.L.137-2022, SEC.4.
IC 4-31-10Chapter 10. Indiana Horse Racing Commission Operating Fund
4-31-10-1"Fund" defined 4-31-10-2Establishment; administration 4-31-10-3Composition of fund 4-31-10-4Purpose 4-31-10-5Budget requests
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 4-31-9-10
What does Indiana Code § 4-31-9-10 cover?
Section 4-31-9-10 ("Payment of breakage and outs; distribution") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 4-31-9-10?
A common citation format is "Indiana Code § 4-31-9-10" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 4-31-9-10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.