(a)    Except as provided in § 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.

(c)    From the amount that a licensee deducts from each regular mutuel pool, the licensee shall:

(1)    keep 7.70% of each regular mutuel pool, from which the licensee shall pay 0.25% of each regular mutuel pool to the Maryland Race Track Employees Pension Fund;

(2)    allocate 0.32% of each regular mutuel pool to the Commission for State tax;

(3)    allocate 1.10% of each regular mutuel pool to the Maryland-Bred Race Fund;

(4)    allocate 7.70% of each regular mutuel pool for purses;

(5)    allocate 0.18% of each regular mutuel pool as an additional amount for purses; and

(6)    allocate 1% of each regular mutuel pool paid to the Maryland Million, Ltd., for purses of Maryland Million races.

(d)    From the amount that a licensee deducts from each multiple mutuel pool on 2 horses, the licensee shall:

(1)    keep 8.70% of each multiple mutuel pool, from which the licensee shall pay 0.25% of each multiple mutuel pool to the Maryland Race Track Employees Pension Fund;

(2)    allocate 0.32% of each multiple mutuel pool to the Commission for State tax;

(3)    allocate 1.10% of each multiple mutuel pool to the Maryland-Bred Race Fund;

(4)    allocate 8.70% of each multiple mutuel pool for purses;

(5)    allocate 0.18% of each multiple mutuel pool as an additional amount for purses; and

(6)    allocate 2% of each multiple mutuel pool paid to the Maryland Million, Ltd., for purses of Maryland Million races.

(e)    From the amount that a licensee deducts from each multiple mutuel pool on 3 or more horses, the licensee shall:

(1)    keep 11.70% of each multiple mutuel pool, from which the licensee shall pay 0.25% of each multiple mutuel pool to the Maryland Race Track Employees Pension Fund;

(2)    allocate 0.32% of each multiple mutuel pool to the Commission for State tax;

(3)    allocate 1.10% of each multiple mutuel pool to the Maryland-Bred Race Fund;

(4)    allocate 11.70% of each multiple mutuel pool for purses;

(5)    allocate 0.18% of each multiple mutuel pool as an additional amount for purses; and

(6)    allocate 0.75% of each multiple mutuel pool paid to the Maryland Million, Ltd., for purses of Maryland Million races.