(A) The manager of a non-progressive raffle other than 50/50 split the pot for which monies are collected and awarded on the same date of the raffle game with prize for the split the pot being less than $200 shall give a fidelity bond in the sum of the aggregate retail value of the prizes as set out in the application.
(B) The manager of a progressive shall give a fidelity bond in the amount of $5,000,000.
(C) The terms of the bond shall provide that notice shall be given in writing to the licensing authority not less than 30 days prior to its cancellation. A copy of the fidelity bond shall be filed with the City Clerk prior to the start of the raffle game.
(Ord. 2018-049, passed 9-25-2018)