§ 11-613
179 words·~1 min read·
/md/business-regulation/11-613A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§11–613.
(1)A licensee whose average handle is $150,000 or less shall keep the breakage.
(2)A licensee whose average handle is over $150,000 shall:
(i)allocate 50% of the breakage to the Sires Stakes Program; and
(ii)keep 50% of the breakage to pay for personnel-related expenses, physical improvements, track maintenance, and indebtedness related to the track, including indebtedness for clubhouse and grandstand construction.
(b)If an average handle is over $600,000, the takeout shall be:
(1)17% from each regular mutuel pool;
(2)19% from each multiple mutuel pool for 2 horses; and
(3)25% from each multiple mutuel pool on 3 or more horses.
(c)If the average handle is $600,000 or less, the takeout shall be:
(1)not more than 18.75% from each regular mutuel pool;
(2)not more than 20.75% from each multiple mutuel pool on 2 horses; and
(3)not more than 26.75% from each multiple mutuel pool on 3 or more horses.
(d)Money that remains after deductions are made under this section shall be returned as winnings to successful bettors.