§ 9-1E-12. Revenue and proceeds
West's Annotated Code of MarylandState GovernmentEffective: July 1, 2022
Effective: July 1, 2022
MD Code, State Government, § 9-1E-12
§ 9-1E-12. Revenue and proceeds
(a)(1) The Commission shall account to the Comptroller for all of the revenue under this subtitle.
(b)(1)(i) Except as provided in subparagraphs (ii), (iii), and (iv) of this paragraph, all proceeds from sports wagering shall be electronically transferred monthly into the State Lottery Fund established under Subtitle 1 of this title.
(2) All proceeds from sports wagering in the State Lottery Fund established under Subtitle 1 of this title shall be distributed on a monthly basis, on a properly approved transmittal prepared by the Commission to the Blueprint for Maryland's Future Fund established under § 5-206 of the Education Article.
(c) A winning wager on a sporting event that is not claimed by the winner within 182 days after the wager is won shall:
(d) If a sports wagering licensee returns to successful players more than the amount of money wagered in any month, the licensee may subtract that amount from the proceeds of up to the three following months.
Credits
Added by Acts 2021, c. 356, § 2, eff. May 18, 2021. Amended by Acts 2022, c. 255, § 1, eff. July 1, 2022.
MD Code, State Government, § 9-1E-12, MD STATE GOVT § 9-1E-12
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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