Md. Code Ann., Bus. Reg. § 11-704
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2022
As of January 1, 2019
(a) (1) The licensee shall deduct from the handle: (i) all the breakage; and (ii) 25%. (2) From the 25% that the licensee deducts from the handle, 9% of the handle 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.
(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.
(b) Money that remains after deductions are made under subsection (a) of this section shall be returned as winnings to successful bettors.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.