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The following limitations shall apply as to prizes, merchandise and chances in connection with any raffle conducted within the city:
(A) The aggregate retail value of all prizes or merchandise awarded by a licensee in connection with a single raffle shall not exceed $25,000 unless a greater value is approved by the City Council;
(B) The maximum retail value of each prize awarded by a licensee in a single raffle shall not exceed $15,000 unless a greater value is approved by the City Council;
(C) The maximum price which may be charged for each raffle chance issued or sold shall not exceed $25 unless a greater value is approved by the City Council;
(D) No raffle chance shall be sold or issued more than 365 days before the determination of the winning raffle chance or chances.
(1999 Code, § 113.27) (Ord. 976, passed 3-16-1981; Ord. 3965, passed 11-21-2016; Ord. 4132, passed 2-18-2020)