Having trouble viewing this email? View it as a Web page. What kind of Raffle license does my organization need? Small Raffle License- Prizes cannot exceed $500 in TOTAL per drawing date?includes all cash, purchased (retail value), donated (retail value) and ticket seller incentive prizes (retail value) License cost is a minimum of $15 for one, two or three drawing dates, $5 for each additional date. ? Large Raffle License- Prize amount is unlimited for each drawing date License cost is $50 per drawing date. ? Example 1 My organization is having an event and we have several smaller prizes.? If we add all the prizes together that were donated, purchased, and provided as ticket seller incentive prizes the total retail value is less than $500. -Your organization can apply for a small raffle license.? Just remember though if more prizes become available, they cannot be included in this raffle drawing if it would make the total retail prize value for that day more than $500. Example 2 My organization is having an event and has many small prizes.? We are still receiving donated prizes for our event and we are not sure if the total retail value will be over $500.? We might also want to do a 50/50 and we don?t want to cap the prize amount. -Your organization should apply for a Large Raffle License. If you don?t know the total retail value of all prizes and there is a chance you will exceed $500 a large raffle license is needed.? A large raffle license does not have a limit on the prize amount. Example 3 My organization wants to have a raffle drawing every Wednesday from 7pm-10pm at our club for the next 4 weeks.? Week one the total retail value of all prizes is under $500.? Week two the total retail value of all prizes is under $500.? Week three the total retail value of all prizes is $550.? Week four we still are not sure what the prizes will be, but so far, we have $450 in the retail value of donated prizes and we expect many more.? We might also like to award some cash prizes on this last week. -Your organization can apply for all dates on the same license. Weeks one and two are each a small raffle drawing date.? Weeks three and four would be large raffle drawing dates.? This should be indicated on the application.? Be sure that your organization does not go over the total $500 retail value limit for week one or week two. ? *Any changes to a license, including date, time or location, must be submitted in writing on or before the original date and must be approved by the bureau. For questions regarding changes to a license, please contact our office by phone at 517-335-5780 or by email at [email protected].
|