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§ 11-803. Winning tickets not redeemed

West's Annotated Code of MarylandBusiness Regulation

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 11. Horse Racing (Refs & Annos)
Subtitle 8. Pari-Mutuel Betting (Refs & Annos)
Part I. In General (Refs & Annos)
MD Code, Business Regulation, § 11-803
§ 11-803. Winning tickets not redeemed
Currentness
(a) If a winning ticket is not redeemed within 1 year, the licensee into whose betting pool the bet was placed shall pay the amount needed to redeem the ticket to the Commission to be credited to the Special Fund under Subtitle 4 of this title.
(b) Every year for the preceding calendar year, each licensee shall:
(1) report to the Commission the amount payable to the Commission under this section; and
(2) pay that amount to the Commission.
(c)(1) The license of a licensee shall be revoked if the licensee:
(i) fails to report when money under this section is due; or
(ii) knowingly or willfully submits a report that understates the amount due.
(2) A licensee whose license is revoked under this subsection may not hold a license for at least 1 year.

Credits

Added by Acts 1992, c. 4, § 2. Amended by Acts 1993, c. 5, § 1; Acts 1994, c. 371, § 1, eff. Oct. 1, 1994; Acts 1997, c. 748, § 1, eff. June 1, 1997; Acts 1998, c. 366, § 1, eff. June 1, 1998; Acts 1999, c. 168, § 1, eff. June 1, 1999; Acts 2000, c. 309, §§ 1, 3, eff. July 1, 2000; Acts 2001, c. 29, § 1.
Formerly Art. 78B, § 23.
MD Code, Business Regulation, § 11-803, MD BUS REG § 11-803
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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