2013 Maryland Code
STATE GOVERNMENT
§ 9-1A-26 - Daily electronic transfer of proceeds; accounting and distribution
(a) Daily electronic transfer of proceeds. --
(1) Except as provided in paragraphs (2) and (3) of this subsection, all proceeds from the operation of video lottery terminals and table games shall be electronically transferred daily into the State Lottery Fund established under Subtitle 1 of this title and distributed as provided under § 9-1A-27 of this subtitle.
(2) The requirement under paragraph (1) of this subsection does not apply on a day when State government is closed.
(3) The amount from the proceeds of video lottery terminals to be paid to video lottery operation licensees under § 9-1A-27(a)(2) and (7), (b), and (c)(1)(ii) and (2) of this subtitle shall be retained by the licensee.
(b) Accounting and distribution. --
(1) The Commission shall account to the Comptroller for all of the revenue under this subtitle.
(2) The proceeds from video lottery terminals and table games shall be under the control of the Comptroller and shall be distributed as provided under § 9-1A-27 of this subtitle.
(c) Admissions and amusement tax prohibited. -- The admissions and amusement tax may not be imposed on any proceeds from the operation of video lottery terminals and table games.
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