Current with changes from the 2024 Legislative Session
Section 11-616 - Average handle of $600,000 or less - General takeout allocationA 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.