Current with changes from the 2024 Legislative Session
Section 11-613 - Takeout and winnings(a)(1) A licensee whose average handle is $150,000 or less shall keep the breakage.(2) A licensee whose average handle is over $150,000 shall:(i) allocate 50% of the breakage to the Sires Stakes Program; and(ii) keep 50% of the breakage to pay for personnel-related expenses, physical improvements, track maintenance, and indebtedness related to the track, including indebtedness for clubhouse and grandstand construction.(b) If an average handle is over $600,000, the takeout shall be:(1) 17% from each regular mutuel pool;(2) 19% from each multiple mutuel pool for 2 horses; and(3) 25% from each multiple mutuel pool on 3 or more horses.(c) If the average handle is $600,000 or less, the takeout shall be: (1) not more than 18.75% from each regular mutuel pool;(2) not more than 20.75% from each multiple mutuel pool on 2 horses; and(3) not more than 26.75% from each multiple mutuel pool on 3 or more horses.(d) Money that remains after deductions are made under this section shall be returned as winnings to successful bettors.