Sec. 13.5. "Profits" means the difference between:
(1) the total amount of money exchanged for the purchase of a raffle ticket in a qualified drawing; minus
(2) the total cost of the prizes awarded in the qualified drawing.
Ind. Code § 4-36-2-13.5
"Profits"
As added by P.L.19-2011, SEC.2.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.