Unannotated Code of Maryland (Last Updated: May 16, 2014) |
BUSINESS REGULATION |
TITLE 11. HORSE RACING |
SUBTITLE 8. PARI-MUTUEL BETTING |
PART II. INTERTRACK BETTING |
§ 11-808. General provisions
Latest version.
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(a) Effect of part. -- An employee of a receiving track is not considered an employee of the sending track because of this part.
(b) Jurisdiction of Commission. -- The Commission has jurisdiction over all intertrack betting and other activities at a receiving track to the same extent as when live racing is held at the track.
(c) Regulations. -- The Commission shall adopt regulations to carry out this part.
(d) Operations restricted to licensees. -- Only a licensee may operate a receiving track or a sending track.
(e) Pari-mutuel information. --
(1) A receiving track shall transmit directly to the sending track all pari-mutuel information about the money bet at the receiving track.
(2) A sending track shall incorporate this information with information on pari-mutuel betting at the sending track.
(f) Disposition of bets. -- Money bet in intertrack betting shall be:
(1) included in the applicable mutuel pools at the sending track; and
(2) considered as if bet at the sending track.
(g) Breakage, State tax, and takeout. --
(1) The breakage, State tax, and takeout on all intertrack betting at a receiving track shall be computed in the way normally applicable to pari-mutuel betting on a race at the sending track.
(2) The takeout shall be allocated in the same proportions that are normally applicable to racing held at the sending track, after deductions for:
(i) the State tax;
(ii) the amount to be kept by the receiving track under the simulcast agreement with the sending track; and
(iii) the cost to the sending track of the transmission.