Sec. 12.5. (a) A licensee shall annually withhold the sum of:
(1) the product of:
(A) seventy-five thousand dollars ($75,000); multiplied by
(B) the number of racetracks operated by the licensee;
from the amount that must be distributed under section 12(b) of this chapter; and
(2) forty-five hundredths percent (0.45%) of the adjusted gross receipts from the previous month at each casino operated by the licensee.
(b) A licensee shall transfer the amount withheld under subsection (a)(1) to the Indiana horse racing commission for deposit in the gaming integrity fund established by IC 4-35-8.7-3. Money transferred under this subsection must be used for the purposes described in IC 4-35-8.7-3(f)(1).
(c) A licensee shall transfer the amount withheld under subsection (a)(2) to the Indiana horse racing commission for deposit in the Indiana horse racing commission operating fund established by IC 4-31-10-2.