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Section 11-616 - Average Handle of $600,000 or Less -- General Takeout Allocation — Maryland Law | CourtGPT
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  8. Section 11-616 - Average Handle of $600,000 or Less -- General Takeout Allocation
Maryland Legal Code

Section 11-616 - Average Handle of $600,000 or Less -- General Takeout Allocation

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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.