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Can you summarize 10 DEAC 102?
Board of Charitable Gaming > Regulations Governing Raffles
Short Summary
These regulations, issued by the Delaware Gaming Control Board, govern any raffle conducted under Title 28 of the Delaware Code. The regulations apply to raffles where the value of the prize is $5,000 or more, or the ticket price is more than $5.00 for a single drawing or more than $15.00 for a series of drawings occurring on a periodic schedule exceeding one month. The regulations define terms such as ‘prize,’ ‘qualified member,’ ‘raffle,’ ‘related party,’ and ‘sponsoring organization.’ They require the sponsoring organization to disclose information on the raffle ticket, such as a description and appraised value of the prize, minimum number of tickets to be sold, drawing date, and charitable purpose for which the proceeds will be used. The regulations also outline obligations of the sponsoring organization, record-keeping requirements, application process, and reporting obligations. Non-compliance with the regulations may result in suspension or revocation of a license and criminal prosecution.
Whom does it apply to?
Any raffle conducted under Title 28 of the Delaware Code
What does it govern?
Regulations governing raffles
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Suspension or revocation of any valid license issued under Title 28 of the Delaware Code and criminal prosecution
Jurisdiction
Delaware