Section 11-704 - Takeout and winnings. - Maryland Statutes

§ 11-704. Takeout and winnings.
 

(a)  Takeout.-  

(1) The licensee shall deduct from the handle: 

(i) all the breakage; and 

(ii) 25%. 

(2) From the 25% that the licensee deducts from the handle, 9% of the handle shall be paid to the Commission, which shall send it to the Comptroller to be credited to the Fair Hill Improvement Fund established in § 5-908 of the Natural Resources Article. 

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

[An. Code 1957, art. 78B, §§ 27, 27B; 1992, ch. 4, § 2; 2005, ch. 153.]