§ 9-1A-26. Video lottery proceeds transferred to State Lottery Fund
West's Annotated Code of MarylandState GovernmentEffective: April 11, 2023
Effective: April 11, 2023
MD Code, State Government, § 9-1A-26
§ 9-1A-26. Video lottery proceeds transferred to State Lottery Fund
(a)(1) Except as provided in paragraphs (2) and (3) of this subsection, all proceeds from the operation of video lottery terminals and table games shall be electronically transferred daily into the State Lottery Fund established under Subtitle 1 of this title and distributed as provided under § 9-1A-27 of this subtitle.
(b)(1) The Commission shall account to the Comptroller for all of the revenue under this subtitle.
(c) A jackpot won at a video lottery terminal that is not claimed by the winner within 182 days after the jackpot is won shall:
(d) The admissions and amusement tax may not be imposed on any proceeds from the operation of video lottery terminals and table games.
(e) The Commission shall adopt regulations that allow a video lottery operation licensee to reduce the amount of proceeds when a video lottery operation licensee returns to successful players more than the amount of money bet through video lottery terminals or table games on a given day that are consistent with § 9-1A-01(u) of this subtitle.
Credits
Added by Acts 2007, 1st Sp. Sess., c. 4, § 1, eff. Nov. 25, 2008. Amended by Acts 2010, c. 624, § 1, eff. June 1, 2010; Acts 2011, c. 65, § 1, eff. April 12, 2011; Acts 2012, 2nd Sp. Sess., c. 1, § 1, eff. Oct. 1, 2012; Acts 2012, 2nd Sp. Sess., c. 1, § 2, ratified Nov. 6, 2012; Acts 2017, c. 62, § 1, eff. April 11, 2017; Acts 2017, c. 445, § 1, eff. July 1, 2017; Acts 2017, c. 451, § 1, eff. Oct. 1, 2017; Acts 2017, c. 452, § 1, eff. Oct. 1, 2017; Acts 2018, c. 299, § 1, eff. July 1, 2018; Acts 2019, c. 8, § 1, eff. March 27, 2019; Acts 2021, c. 692, § 1, eff. July 1, 2021; Acts 2023, c. 49, § 2, eff. April 11, 2023.
MD Code, State Government, § 9-1A-26, MD STATE GOVT § 9-1A-26
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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