How do you legally run a raffle?

How do you legally run a raffle?

A raffle must be conducted under the supervision of a natural person age 18 or older. At least 90 percent of the gross receipts from raffle ticket sales must be used by the eligible tax-exempt organization to benefit or support beneficial or charitable purposes in California.

What is the difference between a raffle and a lottery?

3 Answers. The fundamental difference in between a raffle and a lottery is that a raffle always has a winner (i.e. all the purchased tickets are entered into a raffle draw) while a lottery may return a non-winning result (i.e. a combination of number that nobody has selected for their entry). Let's do a fundraiser!

What do you do with unclaimed raffle prizes?

If a prize remains unclaimed after three months, you must seek permission from NSW Fair Trading to be able to sell the prize. For cash prizes above $2,000, payment must be made by a crossed cheque payable to the prize winner or by EFT only if the prize winner requests it.