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.
Structure Maryland Statutes
Part II - Harness Racing Licensees
Section 11-608 - Notice of License and Fees
Section 11-609 - Harness Racing Restrictions
Section 11-611 - Transfer of Race Meetings
Section 11-612 - Hearing for Increased or Transferred Days
Section 11-613 - Takeout and Winnings
Section 11-614 - Average Handle Over $600,000 -- General Takeout Allocation
Section 11-615 - Average Handle Over $600,000 -- Allocation of Licensee's Takeout Share
Section 11-616 - Average Handle of $600,000 or Less -- General Takeout Allocation
Section 11-617 - Average Handle of $600,000 or Less -- Allocation of Licensee's Takeout Share
Section 11-618 - Pension Fund Exemption for Average Handle of $125,000 or Less