{"data":{"id":"us-md/md.-code-business-regulation-11-518","jurisdiction":"us-md","citation":"Md. Code, Business Regulation § 11–518","heading":"","body":"(a) In this section, “open purse” means any purse, except for one offered in a race funded by the Maryland–Bred Race Fund.\n(b) The Commission may direct a deduction from open purse money of 0.25% of all mutuel pools to be paid to the Maryland Backstretch Employees Pension Fund.\n(c) Subject to the approval of the Commission, the licensees and an organization that represents a majority of the owners and trainers in the State shall agree on a formula for distributing open purse money.\n(d) The formula shall distribute approximately 85% of the open purse money to the overnight races of the current year and approximately 15%, but not more than 17%, to the stakes races of the current year.\n(e) The organization that represents a majority of the owners and trainers in the State shall set an amount not less than 1% but not more than 3% that shall be deducted from all open purses and paid to the organization.","path":["Article - Business Regulation"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gbr\u0026section=11-518","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:23Z","sha256":"79bb450beff78ea05509973966308b7193676f8cb33c0ef93b27c5c831d0cb8b","source_id":"us-md","stale":false,"prev":"us-md/md.-code-business-regulation-11-516","next":"us-md/md.-code-business-regulation-11-519"},"notice":"GroundRules: Original legal text. Not legal advice."}