(A) The aggregate retail value of all prizes or merchandise awarded by a licensee in a single raffle under this subchapter and in accordance with applicable state law is limited to $500,000.00.
(B) The maximum retail value of each prize awarded by a licensee in a single raffle is limited to $250,000.00. The maximum price which may be charged for each raffle chance issued or sold is limited to $1,000.00 The maximum number of days during which chances may be issued or sold is limited to 120 days.
(C) Licenses issued shall be valid for one raffle or for a specified number of raffles to be conducted during a specified period not to exceed one year and may be suspended or revoked for any violation of the "Raffle Act" of this subchapter.
(Ord. 3143, passed 9-12-2017)