Maryland § 11-613
Full text of Maryland Maryland Code § 11-613, with citation guidance and answers to common questions.
§ 11-613.
(a) (1) A licensee whose average handle is $150,000 or less shall keep the breakage.
(2) A licensee whose average handle is over $150,000 shall:
(i) allocate 50% of the breakage to the Sires Stakes Program; and
(ii) keep 50% of the breakage to pay for personnel-related expenses, physical improvements, track maintenance, and indebtedness related to the track, including indebtedness for clubhouse and grandstand construction.
(b) If an average handle is over $600,000, the takeout shall be:
(1) 17% from each regular mutuel pool;
(2) 19% from each multiple mutuel pool for 2 horses; and
(3) 25% from each multiple mutuel pool on 3 or more horses.
(c) If the average handle is $600,000 or less, the takeout shall be:
(1) not more than 18.75% from each regular mutuel pool;
(2) not more than 20.75% from each multiple mutuel pool on 2 horses; and
(3) not more than 26.75% from each multiple mutuel pool on 3 or more horses.
(d) Money that remains after deductions are made under this section shall be returned as winnings to successful bettors.
Frequently Asked Questions About Maryland § 11-613
What does Maryland Code § 11-613 cover?
Section 11-613 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 § 11-613?
A common citation format is "Maryland Code § 11-613" (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 § 11-613 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.