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Can you summarize WAAC 230-11-065?
Raffles. > Raffle prizes.
Short Summary
This document, part of the Washington Administrative Code, provides regulations for organizations conducting raffles in Washington state. It states that organizations must own the prizes offered to winners before the drawing, but can enter into a contract to purchase merchandise prizes if the winner chooses a cash prize option. The organization must have the funds to make the purchase before the drawing. Additionally, the organization must have on deposit an unencumbered amount of money equal to or greater than all cash prizes being offered. Raffle prizes must be available at the time and place of the drawing, and if cash, must be in United States currency or an equivalent amount of negotiable instruments. The document also sets limits on the value of prizes, with a maximum of forty thousand dollars per prize or three hundred thousand dollars in total raffle prizes per license year, unless authorized otherwise. For enhanced raffles, a purchase contract is not necessary for smaller noncash prizes, but the organization must demonstrate that such prizes are available and sufficient funds are held in reserve. The document does not specify penalties for non-compliance or violation of the raffle regulations.
Whom does it apply to?
Organizations conducting raffles in Washington state
What does it govern?
Raffles
What are exemptions?
Enhanced raffles may have smaller noncash prizes without a purchase contract
What are the Penalties?
Penalties for non-compliance or violation of the raffle regulations are not specified in the provided document
Jurisdiction
Washington