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Section 11-704 - Takeout and Winnings — Maryland Law | CourtGPT
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  7. Section 11-704 - Takeout and Winnings
Maryland Legal Code

Section 11-704 - Takeout and Winnings

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(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.