Section 71IAC1.5-1-82. "Profit split" defined  


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  •    "Profit split" means a division of profit among separate winning betting interests or winning betting combinations resulting in two (2) or more payoff prices. (Indiana Horse Racing Commission; 71 IAC 1.5-1-82; emergency rule filed Jun 15, 1995, 5:00 p.m.: 18 IR 2822, eff Jul 1, 1995; readopted filed Oct 30, 2001, 11:50 a.m.: 25 IR 899; readopted filed Mar 23, 2007, 11:31 a.m.: 20070404-IR-071070030RFA; readopted filed Nov 26, 2013, 11:25 a.m.: 20131225-IR-071130345RFA)