A. The classification for each raffle shall be as set forth in the following schedule:
1. Class A: Where the aggregate value of all prizes awarded in any raffle does not exceed five hundred dollars ($500.00).
2. Class B: Where the aggregate value of all prizes awarded in any raffle is greater than five hundred dollars ($500.00), but does not exceed five thousand dollars ($5,000.00).
3. Class C: Where the aggregate value of all prizes awarded in any raffle is greater than five thousand dollars ($5,000.00), but does not exceed fifty thousand dollars ($50,000.00).
4. Class D: Where the aggregate value of all prizes awarded in any raffle is greater than fifty thousand dollars ($50,000.00).
B. A fee of twenty-five dollars ($25.00) shall be required for the issuance of a license under this chapter unless waived by the village administrator or his designee(s). (Ord. O-30-20, 9-28-2020)