Section 11-530 – Established
There is a Maryland-Bred Race Fund.
Section 11-514 – Takeout, Specific Wagers, and Winnings
(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. […]
Section 11-531 – Advisory Committee — Established
There is a Maryland-Bred Race Fund Advisory Committee, under the jurisdiction of the Commission, in the Department.
Section 11-515 – Allocation of Takeout
(a) Except as provided in § 11-516 of this subtitle, the takeout that a licensee deducts from the handle of a race shall be allocated in accordance with this section. (b) A licensee shall: (1) keep 50% of the breakage; (2) allocate 45% of the breakage for purses; and (3) allocate 5% of the breakage to the Maryland-Bred Race Fund. […]
Section 11-532 – Advisory Committee — Membership
(a) (1) The Advisory Committee consists of six members appointed by the Commission with the approval of the Secretary. (2) Of the six members of the Advisory Committee: (i) two shall be members of and recommended by the Maryland Horse Breeders Association; (ii) one shall be recommended by the mile thoroughbred racing licensees; (iii) one shall be a member of and […]
Section 11-515.1 – Amount of Takeout
(a) Notwithstanding § 11-515 of this subtitle, the amount of the takeout relating to purses, the Maryland-Bred Race Fund, and the amount retained by the licensee may be allocated in accordance with the terms of a written agreement signed by the authorized representatives of: (1) the licensee; (2) the group that represents a majority of the owners and […]
Section 11-533 – Chairman
(a) The member of the Commission who is on the Advisory Committee is the chairman of the Advisory Committee. (b) The term of the chairman of the Advisory Committee is 1 year.
Section 11-516 – Takeout Allocation if Preakness Is Transferred or Sold
If the Preakness Stakes is transferred otherwise than under § 11-520(b) of this subtitle or if it is sold to a buyer other than the State, the takeout of the mutuel pools on each race held thereafter shall be allocated as follows: (1) to the Maryland-Bred Race Fund, 1% of each mutuel pool; (2) to the Commission, […]
Section 11-501 – Scope of Part
This part applies only to mile thoroughbred racing licensees and to special thoroughbred racing licensees.
Section 11-502 – Three Stewards Required
Three stewards shall officiate at each race that a licensee holds.