§ 11-613. Takeout and winnings

   (a) Breakage. --

   (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) Takeout for average handle over $600,000. -- 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) Takeout for average handle of $600,000 or less. -- 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) Winnings. -- Money that remains after deductions are made under this section shall be returned as winnings to successful bettors.

HISTORY: An. Code 1957, art. 78B, § 17; 1992, ch. 4, § 2; 1995, ch. 590; 2000, ch. 309, § 2; 2004, ch. 97, § 3.