Section 11-613 - Takeout and winnings. - Maryland Statutes

§ 11-613. Takeout and winnings.
 

(a)  Breakage.-  

(1) A licensee whose average handle is $150,000 or less shall keep the breakage. 

(2) A licensee whose average handle is over $150,000 shall: 

(i) allocate 50% of the breakage to the Sires Stakes Program; and 

(ii) keep 50% of the breakage to pay for personnel-related expenses, physical improvements, track maintenance, and indebtedness related to the track, including indebtedness for clubhouse and grandstand construction. 

(b)  Takeout for average handle over $600,000.- If an average handle is over $600,000, the takeout shall be: 

(1) 17% from each regular mutuel pool; 

(2) 19% from each multiple mutuel pool for 2 horses; and 

(3) 25% from each multiple mutuel pool on 3 or more horses. 

(c)  Takeout for average handle of $600,000 or less.- If the average handle is $600,000 or less, the takeout shall be: 

(1) not more than 18.75% from each regular mutuel pool; 

(2) not more than 20.75% from each multiple mutuel pool on 2 horses; and 

(3) not more than 26.75% from each multiple mutuel pool on 3 or more horses. 

(d)  Winnings.- Money that remains after deductions are made under this section shall be returned as winnings to successful bettors. 
 

[An. Code 1957, art. 78B, § 17; 1992, ch. 4, § 2; 1995, ch. 590; 2000, ch. 309, § 2; 2004, ch. 97, § 3.]