Maryland § 11-514
Full text of Maryland Maryland Code § 11-514, with citation guidance and answers to common questions.
§ 11-514.
(a) Except as provided in subsection (b) of this section, a licensee shall deduct from the handle:
(1) all the breakage;
(2) not more than 18% from each regular mutuel pool;
(3) not more than 21% from each multiple mutuel pool on 2 horses; and
(4) not more than 25.75% from each multiple mutuel pool on 3 or more horses.
(b) (1) For specific wagers authorized under regulations adopted by the Commission, a licensee shall deduct from the handle:
(i) all the breakage; and
(ii) not more than 40% from each multiple mutuel pool on 3 or more horses.
(2) A licensee may offer the wagers described in this subsection only with the consent of:
(i) the Commission;
(ii) the group that represents a majority of the owners and trainers licensed in the State; and
(iii) the group that represents a majority of the breeders in the State.
(c) Money that remains after deductions are made under subsection (a) of this section shall be returned as winnings to successful bettors.
(d) (1) The amount deducted by the licensee under subsection (a) of this section shall be the sum of the allocations provided in § 11–515 of this subtitle, unless otherwise provided in a written agreement signed by the authorized representatives of:
(i) the licensee;
(ii) the group that represents a majority of the owners and trainers licensed in the State at the time the agreement is signed; and
(iii) the group that represents a majority of the breeders in the State at the time the agreement is signed.
(2) Nothing in this subsection may be construed to permit the licensee to in any way alter the mandatory takeout allocated to the Commission for the State tax.
Frequently Asked Questions About Maryland § 11-514
What does Maryland Code § 11-514 cover?
Section 11-514 is part of the Maryland Code, the codified statutory law of Maryland. 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 Maryland § 11-514?
A common citation format is "Maryland Code § 11-514" (Maryland). 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 Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 11-514 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland 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 Maryland.