Are 50 50 Raffles Legal In Virginia
Qualified organizations may conduct raffles, bingo, network bingo, and instant bingo games. Qualified organizations include:
- For example, if raffle tickets are $50 and the prize is a $20,000 car, (greater than $50 x 300) then the. Organizations holding raffles in Virginia must register.
- A qualified organization may sell raffle tickets for a raffle drawing which will be held outside the Commonwealth, provided the raffle is conducted in accordance with (i) the regulations of the Board and (ii) the laws and regulations of the jurisdiction in which the raffle drawing will be held.
- Permit application process. Any organization anticipating gross gaming receipts that exceed the amount set forth in § 18.2-340.23 of the Code of Virginia shall complete a department-prescribed application to request issuance or renewal of an annual permit to conduct charitable gaming.
- A volunteer fire department or volunteer emergency medical services agency or auxiliary unit
- An organization operated exclusively for religious, charitable, community or educational purposes;
- An athletic association or booster club or a band booster club established solely to raise funds for school-sponsored athletic or band activities for a public school or private school
- An association of war veterans or auxiliary units thereof organized in the United States;
- A fraternal association or corporation operating under the lodge system;
- A local chamber of commerce; or
- Any other nonprofit organization that raises funds by conducting raffles that generate annual gross receipts of $40,000 or less, provided such gross receipts from the raffle, less expenses and prizes, are used exclusively for charitable, educational, religious or community purposes.
Permit may be required depending on prize amounts.
50/50 raffles are those in which the prize winner receives 50 percent of ticket-sale revenue and the other 50 percent of the revenue is retained by the organization conducting the raffle. 50/50 raffles are illegal unless the organization qualifies under Penal Code section 320.6. Raffles are always illegal in Arkansas, Hawaii, Kansas and Utah. Follow all the guidelines to make sure you are holding a legal raffle, and remember—this does not constitute legal advice. Begin the process two or three months before the raffle itself so you will have time to complete all paperwork.
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Are 50 50 Raffles Legal In Virginia City
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