NET PROCEEDS: The gross receipts from the conduct of raffles, less reasonable sums expended for prizes, village of Beach Park license fees, and other reasonable operating expenses incurred as a result of operating a raffle.
RAFFLE: A form of lottery, as defined in section 28-2(b) of the criminal code of 1961 1 , conducted by an organization licensed under this chapter in which:
A. The player pays or agrees to pay something of value for a chance, represented and differentiated by a number or by a combination of numbers or by some other medium, one or more of which chances is to be designated the winning chance.
B. The winning chance is to be determined through a drawing or by some other method based on an element of chance by an act or set of acts on the part of persons conducting or connected with the lottery; except, that the winning chance shall not be determined by the outcome of a publicly exhibited sporting contest. (Ord. 1999-O-01 § 1)
Notes
| 1 | 1. 720 ILCS 5/28-2(b). |