Terminology
Adjusted Gross Receipts (AGR): Amount wagered less patron winnings.Admissions: Represents the number of people passing through turnstile. Estimated to be more than 24,000 in 2003.
Admission tax: A tax a casino pays for every entrance into its casino. The admission tax is $3 per person in Indiana.
Boarding period: See individual casino website for hours of operation.
Egress: To exit a casino.
Ingress: To enter or board a casino.
Wagering tax: A state tax applied to a casino's adjusted gross receipts. In Indiana, this tax is 22.5% for casinos that cruise. For dockside casinos, the wagering tax is assessed on a graduated scale according to AGR, i.e.:
- < $25 million - 15%
- $25-50 million - 20%
- $50-75 million - 25%
- $75-150 million - 30%
- > $150 million - 35%