§ 13-1506. Raffles

   (a) Limitations. --

   (1) The sheriff may not issue to a single organization in 1 calendar year more than 12 raffle licenses, no more than one of which may be for a raffle with a money prize exceeding $ 1,000.

   (2) All raffle drawings shall be conducted in 1 calendar day.

   (3) A raffle license is valid until all raffles are drawn.

   (4) A raffle license shall state the day for the drawing or drawings.

(b) Prizes. -- A money prize for a raffle may not exceed:

   (1) $ 10,000 if the sponsoring organization has not held a raffle for a money prize exceeding $ 1,000 in the current calendar year; or

   (2) $ 1,000 if the sponsoring organization has held a raffle for a money prize exceeding $ 1,000 in the current calendar year.

(c) Security required. -- An organization that intends to conduct a raffle for a money prize exceeding $ 1,000 shall:

   (1) post a bond in the amount of the money prize; or

   (2) obtain an irrevocable letter of credit from a bank in the amount of the money prize.

HISTORY: An. Code 1957, art. 27, § 254(c)(3)(i), (ii), (d)(3)(i), (5), (6); 2002, ch. 26, § 2.