§ 11-809. Mutuel pools
West's Annotated Code of MarylandBusiness Regulation
MD Code, Business Regulation, § 11-809
§ 11-809. Mutuel pools
(a) On a race that a licensee holds and simulcasts to an out-of-state facility or on a simulcast of a race that a licensee receives, the licensee may, with the approval of the Commission, combine bets made at the licensee's track with bets of the same type made at the out-of-state facility where betting is lawful.
(e) Notwithstanding any other provision of this title governing the amount of takeout, for a race that is held by an out-of-state facility and simulcast to a licensee in this State, the takeout on bets made in this State that are commingled in a common mutuel pool shall be, subject to the approval of the Commission, as agreed by the licensee and the out-of-state facility.
(f) Notwithstanding any other provision of this title governing the allocation of takeout, for a race that is held by an out-of-state facility and simulcast to a licensee in this State, the allocation of takeout on bets made in this State that are commingled in a common mutuel pool shall be, subject to the approval of the Commission, allocated in the following manner:
Credits
Added by Acts 1992, c. 4, § 2. Amended by Acts 1993, c. 3; Acts 1995, c. 556, § 1, eff. July 1, 1995.
Formerly Art. 78B, § 11.
MD Code, Business Regulation, § 11-809, MD BUS REG § 11-809
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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