2019-115 Ordinance Amending City Code Chapter 62 - Raffles, Sections 1, 3, 4, 6-11

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(d) Raffle chances may be sold throughout the State of Illinois, however, winning chances may be determined only at those locations specified on the license for a raffle. (e) A person under the age of eighteen (18) years of age may participate in the conducting of raffles or chances only with the permission of a parent or legal guardian and may be within the area where winning chances in a raffle are being determined only when accompanied by his parent or legal guardian. (fl All management,operation,and conduct of raffles shall be under the supervision of a single manager designated by the organization. 8. RECORDS. Each licensee shall keep the following records and preserve such for three (3) years and shall make such records available for public irispection at reasonable times and places: (a) Records of its gross receipts, expenses and net proceeds for each single gathering or occasion at which winning chances in a raffle are determined. All deductions from gross receipts for such shall be documented with receipts or other records indicating the amount, a description of the purchased items or seruice or other reason for the deduction, and the recipient. The distribution of net proceeds shall be itemized as to payee,purpose, amount and date of payment. (b) Gross receipts shall be segregated from other revenues of the organization, including bingo gross receipts, if bingo games are also conducted by the same organization and placed in a separate account. Each organization shall have separate records of its raffles. The person who accounts for gross receipts,expenses and net proceeds from the operation of raffles shall not be the same person who accounts for other revenues of the organization. (c) Each licensee shall report promptly after the conclusion of each raffle to its membership or, if the organization does not have members, to its governing board and to the City Finance Department its gross receipts, expenses and net proceeds from the raffle, and the distribution of net proceeds from the raffle, and the distribution of net proceeds itemized as required in this Section. 9. PRIZES. The maximum cash prize awarded in any raffle shall be $100,000; the maximum retail value of a non-cash prize awarded in any raffle..shall be$200,000. The aggregate value of all prizes awarded in any raffle shall not exceed $300,000. The maximum fee for any chance shall be $1,000.00; all such fees shall be paid in currency or by check. 10. RULES AND REGULATIONS. The City Manager is authorized and directed to cause to be promulgated rules and regulations not inconsistent with this Chapter or the Act governing the conduct of raffles hereunder. 11.. BOND. The amount of the surety bond in favor of the organization required by the Act shall be an amount equal to double the total value of the prize or prizes to be awarded. The bond shall provide that notice shall be given in writing to the City not less than thirty (30) days prior to its cancellation. (AMENDED, Ordinance No. 2009-39, May 18, 2009)