Current with changes from the 2024 Legislative Session
Section 11-704 - Takeout and winnings(a)(1) The licensee shall deduct from the handle:(i) all the breakage; and(ii) an amount not to exceed 25%.(2) Excluding the breakage, of the amount the licensee deducts from the handle, 36% of that amount 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.Amended without change by 2022 Md. Laws, Ch. 269,Sec. 1, eff. 6/1/2022.Amended by 2021 Md. Laws, Ch. 168,Sec. 1, eff. 7/1/2021.Amended by 2021 Md. Laws, Ch. 167,Sec. 1, eff. 7/1/2021.Amended by 2016 Md. Laws, Ch. 497,Sec. 1, eff. 10/1/2016.