Md. Code, Business Regulation § 11–1001

(a) Except in accordance with a license, a person may not hold, or aid or abet in holding, a race meeting at which horses are raced for a purse, reward, or stake.

(b) A person who violates this section is guilty of a misdemeanor and, on conviction, is subject to a fine not exceeding $10,000 for each day of violation or imprisonment not exceeding 2 years or both.