2013 Maryland Code
BUSINESS REGULATION
§ 11-704 - Takeout and winnings


MD Bus Reg Code § 11-704 (2013) What's This?

§11-704.

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

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