For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
ENABLING ACT. Illinois Public Act Number 81-1365 entitled, “An Act to Provide for Licensing and Regulating Certain Games of Chance and Amending Certain Acts Herein Named, as currently set forth in ILCS Ch. 720, Act 5, §§ 28-1 et seq.”
NET PROCEEDS. The gross receipts from the conduct of raffles, less reasonable sums expended for prizes, license fees as provided herein and other reasonable operating expenses incurred as a result of operating a raffle.
RAFFLE. A form of lottery, as defined in ILCS Ch. 720, Act 5, § 28-2, conducted by an organization licensed under the terms of this subchapter, in which:
(1) 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; or
(2) The winning chance is to be determined through a drawing or by some other method based on 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. 1114, passed 6-16-1987)