Md. Code Ann., Bus. Reg. § 11-704
Winnings and take out
Effective Jun 1, 2022Added by Acts 1992, c. 4, § 2. Amended by Acts 2005, c. 153, § 1, eff. July 1, 2005; Acts 2016, c. 497, § 1, eff. Oct. 1, 2016; Acts 2021, c. 167, § 1, eff. July 1, 2021; Acts 2021, c. 168, § 1, eff. July 1, 2021; Acts 2022, c. 269, § 1, eff. June 1, 2022.State of Maryland
(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.
Added by Acts 1992, c. 4, § 2. Amended by Acts 2005, c. 153, § 1, eff. July 1, 2005; Acts 2016, c. 497, § 1, eff. Oct. 1, 2016; Acts 2021, c. 167, § 1, eff. July 1, 2021; Acts 2021, c. 168, § 1, eff. July 1, 2021; Acts 2022, c. 269, § 1, eff. June 1, 2022.
Formerly Art. 78B, §§ 27, 27B.