Current through Register Vol. 54, No. 44, November 2, 2024
(a)
Maximum individual prize limit. The maximum cash value of a
prize that may be awarded for a single chance in a game of chance is
$500.
(b)
Weekly
limit. No more than $5,000 in cash or merchandise may be awarded as
prizes in games of chance conducted by a licensed eligible organization during
an operating week.
(c)
Raffle limit. No more than $5,000 in cash or merchandise may
be awarded as prizes in raffles in a calendar month except under a special
raffle permit.
(d)
Special
raffle permit. A licensed eligible organization may conduct a raffle
and award a prize valued in excess of $500 only if it has obtained a special
raffle permit. The total cash value of prizes awarded under all special raffle
permits during a calendar year may be no more than $100,000.
(e)
Prize limit exceptions for daily
drawings.
(1) A licensed eligible
organization may award a prize in excess of the prize limitations in
subsections (a) and (b) if the prize is the result of a carryover of a drawing
when the following conditions apply:
(i) The
winning number was not held by one of the eligible entrants in the
drawing.
(ii) The carryover is not
the result of the licensed eligible organization's failure to hold a drawing on
an operating day during which chances for a daily drawing were sold.
(iii) The chances for the daily drawing were
not sold for an amount in excess of $1.
(iv) An eligible participant may not be sold
more than one chance.
(2)
A prize awarded in a daily drawing that is set up to pay out 100% of the gross
revenues from the drawing is not included as a prize for purposes of the
limitation in subsection (b).
(f)
Prize limit exceptions for weekly
drawings.
(1) The prize limitation in
subsection (a) does not apply to weekly drawings. Weekly drawings are subject
to the prize limitations in subsection (b).
(2) A prize awarded in a weekly drawing will
not be considered a prize for purposes of the limitation in subsection (b) if
either:
(i) The prize is the result of a
carryover of a drawing when the winning number was not held by one of the
eligible entrants in the drawing, and the following conditions apply:
(A) The carryover is not the result of the
licensed eligible organization's failure to hold a weekly drawing at the end of
the operating week during which chances were sold.
(B) The chances for the weekly drawing were
not sold for an amount in excess of $1.
(ii) The drawing is set up to pay out 100% of
the gross revenues from such drawing.
