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§ 11-616. Average handle of $600,000 or less -- General takeout allocation

MD Bus Reg Code § 11-616 (2019) (N/A)
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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.

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