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Can you summarize CORS 24-21-620?
BINGO AND RAFFLES LAW > Conduct of raffles - rules.
Short Summary
This legal document governs the conduct of raffles under the Bingo and Raffles Law in the Colorado Revised Statutes. It applies to bingo-raffle licensees who may offer progressive raffles with a jackpot that can be carried over and increased from one drawing to another until awarded. The document allows for the awarding of consolation prizes for progressive raffles, which can be a specified amount or percentage of the gross proceeds collected. The licensing authority may establish rules regarding the maximum jackpot, the number of simultaneous progressive raffles, and the methods of conducting a progressive raffle. The document also specifies that the maximum jackpot must be at least fifteen thousand dollars and the maximum number of drawings must be at least thirty. However, no penalties are mentioned in this document.
Whom does it apply to?
Bingo-raffle licensees
What does it govern?
Conduct of raffles
What are exemptions?
Exempt organizations are not required to use specific raffle tickets that would cause undue expense.
What are the Penalties?
No penalties mentioned.
Jurisdiction
Colorado