<?xml version='1.0' encoding='utf-8'?>
<section article="gbr" article_name="Business Regulation" number="11-516" title_number="11" title_name="Horse Racing" subtitle_number="5" subtitle_name="Thoroughbred Racing">
  <text>If the Preakness Stakes is transferred otherwise than under § 11-520(b) of this subtitle or if it is sold to a buyer other than the State, the takeout of the mutuel pools on each race held thereafter shall be allocated as follows:</text>
  <level label="1">
    <text>to the Maryland-Bred Race Fund, 1% of each mutuel pool;</text>
  </level>
  <level label="2">
    <text>to the Commission, for State tax, 4.09% of each mutuel pool;</text>
  </level>
  <level label="3">
    <text>to purses, 5% of each regular mutuel pool, 8% of each multiple mutuel pool on 2 horses, and 14% of each multiple mutuel pool on 3 or more horses; and</text>
  </level>
  <level label="4">
    <text>to the licensee, 6.91% of each regular mutuel pool and 5.91% of each multiple mutuel pool, from which the licensee shall pay 0.25% of all pools to the Maryland Race Track Employees Pension Fund.</text>
  </level>
</section>
