{"data":{"id":"us-md/md.-code-business-regulation-11-516","jurisdiction":"us-md","citation":"Md. Code, Business Regulation § 11–516","heading":"","body":"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:\n(1) to the Maryland-Bred Race Fund, 1% of each mutuel pool;\n(2) to the Commission, for State tax, 4.09% of each mutuel pool;\n(3) to purses, 5% of each regular mutuel pool, 8% of each multiple mutuel pool on 2 horses, and 14% of each multiple mutuel pool on 3 or more horses; and\n(4) to the licensee, 6.91% of each regular mutuel pool and 5.91% of each multiple mutuel pool, from which the licensee shall pay 0.25% of all pools to the Maryland Race Track Employees Pension Fund.","path":["Article - Business Regulation"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gbr\u0026section=11-516","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:23Z","sha256":"b4c9d1081bb44a966da9e6c28ad68d117ffecbe5500c357c8d4f9228e35d27ba","source_id":"us-md","stale":false,"prev":"us-md/md.-code-business-regulation-11-515.1","next":"us-md/md.-code-business-regulation-11-518"},"notice":"GroundRules: Original legal text. Not legal advice."}