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282
STATE OF MARYLAND
Receipts from Tax on Horse Racing and Track Licenses
For the Fiscal Year Ended June 30, 1973
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Collected by the Maryland Racing Commission
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TOTAL
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SOURCE OF REVENUE
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Total
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Summer-Fall
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Winter-Spring
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1972
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1973
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ONE MILE TRACKS:
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Southern Maryland Agricultural Association — Bowie .....................................
Laurel Race Course, Inc. — Laurel......................................................
Maryland Jockey Club of Baltimore City — Pimlico ......................................
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$ 3,789,042.48
4,438,097.69
4,205,587.46
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$ 4,359,002.35
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$ 3,789,042.48
74,095.34
4.205,587.46
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TOTAL ............................................................
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12,427,727.63
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4,359,002.35
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8,068,725.28
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HALF MILE TRACKS:
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Maryland State Fair and Agricultural Society of Baltimore County — Timonlum .............
Southern Maryland Agricultural Association, Inc. — Marlboro..............................
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880,340.13
636,293.08
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880,340.13
636,293.08
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TOTAL ................................................................
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$ 1,516,633.21
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$ 1,516,633.21
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TROTTING AND PACING TRACKS:
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Ocean Downs Racing Association, Inc. — Berlin ..........................................
Rosecroft Trotting and Pacing Association, Inc. — Oxon Hill...............................
Laurel Harness Racing Association, Inc. — Laurel ........................................
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145,005.28
821,664.42
946,918.10
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145,006.28
946,918.10
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821,664.42
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TOTAL............................................................
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1,918,687.80
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1.091.923.38
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821,664.42
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STEEPLECHASE:
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Cecil County Breeders Fair, Inc.— Fairhill .............................................
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32,992.45
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17,829.20
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15,163.25
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GRAND TOTAL ...................................................
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$ 16,890,941.09
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$ 6,985,388.14
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$ 8,905,552.95
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DISTRIBUTION OF REVENUE
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ONE MILE TRACK LICENSES:
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Baltimore City and Counties ..........................................................
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(b) $2,695,202.20
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$ 769,099.36
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$ 1.836,102.86
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General Fund .......................................................................
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(b)9,139,518.74
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2,906,891.31
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6,232,622.43
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TOTAL ............................................................
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11,734,716.94
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8,665,990.66
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8,068,725.28
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HALF MILE TRACK LICENSES:
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Baltimore City and Counties ..........................................................
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(b)321,524.05
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321,524.05
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General Fund .......................................................................
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(b)1,888,120.85
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1,888,120.85
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TOTAL ............................................................
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$ 2,209,644.90
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2,209,644.90
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TROTTING AND PACING TRACK LICENSES:
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Baltimore City and Counties ............... ..........................................
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374,409.87
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198,983.60
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175,476.27
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General Fund .......................................................................
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1,589,177.93
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892,989.78
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646,188.15
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TOTAL ............................................................
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1,918,687.80
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1,091,923.38
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821,664.42
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STEEPLECHASE LICENSES:
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General Fund .......................................................................
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32,992.46
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17,829.20
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15,163.26
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GRAND TOTAL ...................................................
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$ 15,890,941.09
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$ 6,985,388.14
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$ 8,905,552.95
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Allocation of Net Receipts:
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General Fund Revenue.............................
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.................... $12,294,917.97
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(a)$184,086.96
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$12,479,004.98
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Special Fund Attainment:
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to Subdivisions................................
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.................... 2,991,028.28
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(a) (184,086.96)
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2,806,986.82
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to Post Mortem Examiners .....................
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.................... 300,112.84
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300,112.84
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to State Fair Board............................
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.................... 804,887.00
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304,887.00
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TOTAL..........................
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.................... $ 15,890,941.09
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$ 15,890.941.09
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FOOTNOTES:
NOTE: State tax rates are predicated on the type of track where the races are run, whereas, the distribution of these taxes is based on the type of license
under which the races are run.
(a) Reallocation of $500.00 in license fees and $189,809.36 in tax on wagers from special funds to general funds and $6,222.40 in breakage from
general funds to special funds to correct distribution of prior fiscal years.
(b) License fees for Hagerstown, Marlboro at Laurel totaling $12,000.00 which were distributed as Mile Track revenues, will be reallocated in
the 1974 Fiscal Year aa Half Mile Track revenues.
( ) Denotes red figures.
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