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

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

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 subtitle, 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. 
 

[1992, ch. 4, § 2; 1995, ch. 590; 1997, ch. 750; 1998, ch. 477; 1999, ch. 291; 2000, ch. 309, § 2; 2004, ch. 97, § 3.]