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Session Laws, 1982
Volume 742, Page 3459   View pdf image
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HARRY HUGHES, Governor                              3459

track building fund; providing for reallocation of the
amount of betting formerly allocated to these funds;
and providing for releases of claims against these
funds and for the failure to execute a release by a
track.

BY repealing and reenacting, with amendments,

Article 78B - Racing Commission

Section 11(b)

Annotated Code of Maryland

(1980 Replacement Volume and 1981 Supplement)

BY repealing

Article 78B - Racing Commission

Section 12

Annotated Code of Maryland

(1980 Replacement Volume and 1981 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
read(s) as follows:

Article 78B - Racing Commission

11.

(b) Each mile thoroughbred licensee licensed under §
7 of this article shall deduct the breakage computed to the
10 cents and the following amounts on all races conducted by
it: for calendar year 1978 and all subsequent calendar
years, 15 percent of the regular mutuel pool, 19 percent of
the multiple mutuel pool involving two horses, and 25
percent of the multiple mutuel pool involving three or more
horses. Regular mutuel pool means a separate wagering pool
in which an interest is represented by a single ticket
evidencing a single wager on one horse. Multiple mutuel pool
means a separate wagering pool, in which an interest is
represented by a single wager on two or more horses. Each
licensee shall apply the amounts deducted as follows:

(1)  One half of the breakage shall be allocated
for purse money. Ten percent of the one half of the breakage
for purse money shall be allocated to the Maryland-Bred Race
Fund as provided by § 18A of this article.

(2)  One half of the breakage may be retained by
the licensee.

(3)  4.09 percent of the mutuel pools shall be
paid to the Maryland Racing Commission for the use of the
State as provided by § 14 of this article. Effective

 

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Session Laws, 1982
Volume 742, Page 3459   View pdf image
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