Current with changes from the 2024 Legislative Session
Section 11-614 - Average handle over $600,000 - General takeout allocation
A licensee whose average handle is over $600,000 shall:
(1) allocate 0.50% of each mutuel pool to the Commission as State tax;(2) allocate 0.25% of each mutuel pool to the Maryland Harness Track Employees Pension Fund;(3) keep 16.25% of each regular mutuel pool;(4) keep 18.25% of each multiple mutuel pool on 2 horses; and(5) keep 24.25% of each multiple mutuel pool on 3 or more horses.