§ 11-616

Maryland § 11-616

• Jurisdiction: Maryland
• Article gbr: Business Regulation
• Title: 11

Text

A licensee whose average handle is $600,000 or less shall:

(1) allocate 0.32% of each mutuel pool to the Commission as State tax;

(2) subject to § 11–618 of this part, allocate 0.25% of each mutuel pool to the Maryland Harness Track Employees Pension Fund;

(3) allocate for purses 0.18% of each mutuel pool, or an amount that is otherwise agreed to by the licensee and the organization representing a majority of the harness owners and trainers in the State, which shall provide revenue in addition to any other funds set aside for purses by private parties;

(4) keep 18.00% of each regular mutuel pool;

(5) keep 20.00% of each multiple mutuel pool on 2 horses; and

(6) keep 26.00% of each multiple mutuel pool on 3 or more horses.