Section 68IAC15-5-5. Tournament receipts

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The casino licensee shall compute the net tournament receipts to be used in arriving at the daily adjusted gross receipts in the following manner:

(1) Add the total receipts from tournaments.

(2) Deduct tournament payouts, including prizes at their historical cost basis.

The casino licensee may not take a deduction for net tournament receipts if the computation results in a negative number. (Indiana Gaming Commission; 68 IAC 15-5-5; filed Jul 18, 1996, 8:55 a.m.: 19 IR 3306; readopted filed Nov 25, 2002, 10:11 a.m.: 26 IR 1261; readopted filed Nov 14, 2008, 12:51 p.m.: 20081210-IR-068080730RFA; filed Dec 6, 2012, 2:32 p.m.: 20130102-IR-068110786FRA)

                    
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