Maryland Business Regulation Section 11-616

Article - Business Regulation

§ 11-616.

      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.



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