§ 11-515
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/md/business-regulation/11-515A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§11–515.
(a)Except as provided in § 11-516 of this subtitle, the takeout that a licensee deducts from the handle of a race shall be allocated in accordance with this section.
(b)A licensee shall:
(1)keep 50% of the breakage;
(2)allocate 45% of the breakage for purses; and
(3)allocate 5% of the breakage to the Maryland-Bred Race Fund.
(c)From the amount that a licensee deducts from each regular mutuel pool, the licensee shall:
(1)keep 7.70% of each regular mutuel pool, from which the licensee shall pay 0.25% of each regular mutuel pool to the Maryland Race Track Employees Pension Fund;
(2)allocate 0.32% of each regular mutuel pool to the Commission for State tax;
(3)allocate 1.10% of each regular mutuel pool to the Maryland-Bred Race Fund;
(4)allocate 7.70% of each regular mutuel pool for purses;
(5)allocate 0.18% of each regular mutuel pool as an additional amount for purses; and
(6)allocate 1% of each regular mutuel pool paid to the Maryland Million, Ltd., for purses of Maryland Million races.
(d)From the amount that a licensee deducts from each multiple mutuel pool on 2 horses, the licensee shall:
(1)keep 8.70% of each multiple mutuel pool, from which the licensee shall pay 0.25% of each multiple mutuel pool to the Maryland Race Track Employees Pension Fund;
(2)allocate 0.32% of each multiple mutuel pool to the Commission for State tax;
(3)allocate 1.10% of each multiple mutuel pool to the Maryland-Bred Race Fund;
(4)allocate 8.70% of each multiple mutuel pool for purses;
(5)allocate 0.18% of each multiple mutuel pool as an additional amount for purses; and
(6)allocate 2% of each multiple mutuel pool paid to the Maryland Million, Ltd., for purses of Maryland Million races.
(e)From the amount that a licensee deducts from each multiple mutuel pool on 3 or more horses, the licensee shall:
(1)keep 11.70% of each multiple mutuel pool, from which the licensee shall pay 0.25% of each multiple mutuel pool to the Maryland Race Track Employees Pension Fund;
(2)allocate 0.32% of each multiple mutuel pool to the Commission for State tax;
(3)allocate 1.10% of each multiple mutuel pool to the Maryland-Bred Race Fund;
(4)allocate 11.70% of each multiple mutuel pool for purses;
(5)allocate 0.18% of each multiple mutuel pool as an additional amount for purses; and
(6)allocate 0.75% of each multiple mutuel pool paid to the Maryland Million, Ltd., for purses of Maryland Million races.