The aggregate retail value of all prizes or merchandise awarded by a license in a single raffle under this chapter and in accordance with applicable state law is limited to $500,000.
(A) The maximum retail value of each prize awarded by a licensee in a single raffle is limited to $500,000.
(B) The maximum price which may be charged for each raffle chance issued or sold is limited to $500.
(C) The maximum number of days during which chances may be issued or sold is limited for a specified period not to exceed one year.
(D) 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 Raffles Act or this chapter.
(Ord. 20-09-05, passed 9-22-2020; Ord. 21-02- 01, passed 2-23-2021)