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Can you summarize 11 CACR Section 2102?
Major League Sports Raffle Program > Accounting and Reporting.
Short Summary
This document governs the accounting and reporting requirements for eligible organizations participating in the Major League Sports Raffle Program. The Bureau of Gambling Control has the authority to audit the raffle records of these organizations at any time. The eligible organizations are required to follow the electronic raffle system reporting requirements, which should be no less stringent than the current version of GLI-31. Within five calendar days of a registered event, the eligible organization must generate a report containing various information such as the date and time of the event, sales totals, direct seller information, raffle draw numbers, prize details, and more. The eligible organization must also maintain a copy of the report as part of the record of the registered event. Additionally, at the Bureau’s request, the eligible organization must provide various reports for a registered event, including exception reports, raffle bearer ticket reports, sales by raffle sales unit reports, and more. The document references the Electronic Accounting and Reporting Section of the GLI-31 for additional reports. The document does not specify any penalties for non-compliance or violation of the reporting requirements.
Whom does it apply to?
Eligible organizations participating in the Major League Sports Raffle Program
What does it govern?
Accounting and Reporting for the Major League Sports Raffle Program
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Penalties for non-compliance or violation of the reporting requirements are not specified in the provided document.
Jurisdiction
California