Maine § 275-O. - Reduced payments
Full text of Maine Maine Revised Statutes § 275-O. — Reduced payments, with citation guidance and answers to common questions.
§ 275-O.. Reduced payments
1. Eligible licensees. This section grants reduced payments to licensees of off-track betting facilities that were licensed and open for business before April 1, 2000 and that have a market area, as described in section 275‑D, subsection 4, with a population of less than 50,000.
2. Reduced payments formula. For an off-track betting licensee that meets the conditions described in subsection 1, the reduction in payments due are calculated as follows.
A. For the first $40,000 of all wagers into commingled pools on interstate simulcast races in any calendar week, the amounts payable by the licensee are 20% of the amounts prescribed by the sections listed in subsection 3. [PL 1995, c. 403, §1 (NEW).]
B. For all wagers totaling over $40,000 and $80,000 or under into commingled pools on interstate simulcast races in any calendar week, the amounts payable by the licensee are 60% of the amounts prescribed by the sections listed in subsection 3. [PL 1995, c. 403, §1 (NEW).]
C. For all wagers totaling over $80,000 into commingled pools on interstate simulcast races in any calendar week, the amounts payable by the licensee are 100% of the amounts prescribed by the sections listed in subsection 3. [PL 1995, c. 403, §1 (NEW).]
3. Reduced payments. Notwithstanding any other provisions of law, the amounts payable to the Treasurer of State or to the State Harness Racing Commission are reduced, as prescribed in subsection 2, for the following:
A. Section 286, subsection 5, paragraph A, subparagraph (3) and paragraph B, subparagraph (3); [PL 1997, c. 528, §34 (AMD).]
B. Section 286, subsection 5, paragraph A, subparagraph (2) and paragraph B, subparagraph (2); [PL 1997, c. 528, §34 (AMD).]
C. Section 286, subsection 4, paragraph A, subparagraph (4) and paragraph B, subparagraph (4); [PL 1997, c. 528, §35 (AMD).]
D. Section 286, subsection 5, paragraph A, subparagraph (5) and paragraph B, subparagraph (5); and [PL 1997, c. 528, §35 (AMD).]
E. Section 286, subsection 4, paragraph A, subparagraph (7) and paragraph B, subparagraph (7). [PL 1997, c. 528, §36 (AMD).]
4. Retention of commission. Any amount not required to be paid to the Treasurer of State or the State Harness Racing Commission as a result of this section is added to the amount retained by the off-track betting parlor under section 286, subsection 4, paragraph A, subparagraph (6) and paragraph B, subparagraph (6).
5. Repeal.
Frequently Asked Questions About Maine § 275-O.
What does Maine Revised Statutes § 275-O. cover?
Section 275-O. ("Reduced payments") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 275-O.?
A common citation format is "Maine Revised Statutes § 275-O." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 275-O. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.