A. Tickets:
1. Each raffle ticket, chance or other raffle token shall state on its face the name and address of the licensee, the date or dates of the drawings and the prize or prizes to be awarded; provided, however, that this requirement shall not apply to any raffle in which prizes in aggregate value under fifty dollars ($50.00) are awarded, or to any raffle in which raffle chances are sold only on the date of the drawing during the event at which the drawing is to be conducted. No such ticket, chance or token shall be sold or issued more than one (1) year before the determination of the winning chance or chances.
2. If any raffle for which a license is issued under this chapter is canceled, or if any such raffle is not conducted on the date contained in the application for license, the licensee shall refund all monies paid for any raffle chances issued or sold to the persons to whom such raffle chances were issued or sold within forty five (45) days after the date on which the raffle was to be conducted or within forty five (45) days after cancellation of the raffle, whichever is sooner.
B. Prizes: The maximum cash prize awarded in any raffle shall be one hundred thousand dollars ($100,000.00); the maximum retail value of a noncash prize awarded in any raffle shall be one hundred thousand dollars ($100,000.00). The aggregate value of all prizes awarded in any raffle shall not exceed two hundred thousand dollars ($200,000.00). (Ord. O-30-20, 9-28-2020)