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56
STATE OF MARYLAND
Revenue from Tax on Horse Racing and Track Licenses
For the Fiscal Year Ended June 30, 1983
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Collected by the Maryland Racing Commission
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Total
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License Fees
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Tax on Wagers
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Breakage
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SOURCE OF REVENUE
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ONE MILE TRACKS:
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Southern Maryland Agricultural Association — Bowie ..............
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$ 4,474,843
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$131,000
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$ 4,343,843
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Laurel Race Course, Inc. — Laurel .................................
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3,499,668
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61,000
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3,438,668
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Maryland Jockey Club of Baltimore City — Pimlico .................
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3,685,969
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76,000
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3,609,969
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Total .......................................................
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11,660,480
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268,000
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11,392,480
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HALF MILE TRACKS:
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Maryland State Fair and Agricultural Society of Baltimore
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County — Timonium .........................................
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669,199
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669,199
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TROTTING AND PACING TRACKS:
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Ocean Downs Racing Association, Inc. — Berlin ....................
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242,988
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2,250
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240,738
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Rosecroft Trotting and Pacing Association, Inc. — Oxon Hill ..
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2,854,530
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2,125
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2,750,505
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$101,900
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Freestate Raceway ...............................................
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1,683,045
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1,570,702
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112,343
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Total .......................................................
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4,780,563
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4,375
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4,561,945
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214,243
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STEEPLECHASE:
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Cecil County Breeders Fair, Inc. — Fairhill .........................
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52,845
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52,845
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GRAND TOTAL.............................................
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$17,163,087
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$272,375
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$16,676,469
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$214,243
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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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$2,391,727
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$50,000
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$2,341,727
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General Fund ...................................................
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7,386,600
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147,000
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7,239,600
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Total .......................................................
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9,778,327
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197,000
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9,581,327
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HALF MILE TRACK LICENSES:
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Baltimore City and Counties .....................................
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311,864
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5,000
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306,864
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General Fund ...................................................
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2,239,488
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66,000
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2,173,488
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Total .......................................................
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2,551,352
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71,000
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2,480,352
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TROTTING AND PACING TRACK LICENSES:
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Baltimore City and Counties .....................................
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253,588
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562
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230,000
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$ 23,026
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General Fund ...................................................
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4,526,975
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3,813
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4,331,945
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191,217
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Total .......................................................
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4,780,563
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4,375
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4,561,945
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214,243
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STEEPLECHASE LICENSES:
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Fairhill Improvement Fund.......................................
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52,845
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52,845
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GRAND TOTAL.................................................
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$17,163,087
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$272,375
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$16,676,469
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$214,243
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ALLOCATION OF NET REVENUES:
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General Fund Revenue ...........................................
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$13,749,563
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SPECIAL FUND ATTAINMENT:
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To Subdivisions .................................................
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2,957,179
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To State Fair Board..............................................
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403,500
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To Fairhill Improvement Fund ....................................
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52,845
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GRAND TOTAL.............................................
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$17,163,087
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NOTES:
license.
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
SCHEDULE A-12
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