Md. Code, Bus. Reg. § 11-616
Md. Code, Bus. Reg. § 11-616
Maryland · Maryland Code, Business Regulation · Status: effective
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- Citation
- Md. Code, Bus. Reg. § 11-616, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1756578
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Full text
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 part, 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.