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Session Laws, 2000
Volume 797, Page 1871   View pdf image
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PARRIS N. GLENDENING, Governor Ch. 309
Article - Business Regulation
11-514.
(a) A licensee shall deduct from the handle: (1) all the breakage; (2) [17%] NOT MORE THAN 18% from each regular mutuel pool; (3) [19%] NOT MORE THAN 21% from each multiple mutuel pool on 2
horses; and (4) [25%] NOT MORE THAN 25.75% from each multiple mutuel pool on 3
or more horses. (b) Money that remains after deductions are made under subsection (a) of this
section shall be returned as winnings to successful bettors. (C) (1) THE AMOUNT DEDUCTED BY THE LICENSEE UNDER SUBSECTION (A)
OF THIS SECTION SHALL BE AS THE SUM OF THE ALLOCATIONS PROVIDED IN § 11-515
OF THIS SUBTITLE, UNLESS OTHERWISE PROVIDED IN A WRITTEN AGREEMENT
SIGNED BY THE AUTHORIZED REPRESENTATIVES OF: (I) THE LICENSEE: (II) THE GROUP THAT REPRESENTS A MAJORITY OF THE OWNERS
AND TRAINERS LICENSED IN THE STATE AT THE TIME THE AGREEMENT IS SIGNED;
AND (III) THE GROUP THAT REPRESENTS A MAJORITY OF THE BREEDERS
IN THE STATE AT THE TIME THE AGREEMENT IS SIGNED. (2) NOTHING IN THIS SUBSECTION MAY BE CONSTRUED TO PERMIT THE
LICENSEE TO IN ANY WAY ALTER THE MANDATORY TAKEOUT ALLOCATED TO THE
COMMISSION FOR: (I) THE STATE TAX; OR (II) THE PAYMENT TO THE RACING FACILITY REDEVELOPMENT
BOND FUND FOR THE MARYLAND ECONOMIC DEVELOPMENT CORPORATION. 11-515. (a) Except as provided in § 11-516 §§ 11-515.3 AND 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.
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Session Laws, 2000
Volume 797, Page 1871   View pdf image
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