§ 24-21-620 — Conduct of raffles - rules

Colorado § 24-21-620

• Jurisdiction: Colorado
• Title 24: Government
• Art.: Secretary of State - Department of State

Text

(1) The licensing authority shall not
require an exempt organization to use raffle tickets in any particular form or
displaying any particular information that would cause undue expense to the
exempt organization and therefore interfere with the charitable fund-raising drive
of the organization.

(2) (a) A bingo-raffle licensee may offer a progressive raffle in which a
jackpot may be carried over and increased from one drawing to another until the
jackpot is awarded. If the jackpot is not awarded at a drawing, the bingo-raffle
licensee shall conduct a new drawing at the same location at a time and date
determined by the bingo-raffle licensee.

(b) A bingo-raffle licensee may award a consolation prize for a progressive
raffle. The bingo-raffle licensee may designate the consolation prize as either a
specified amount or a specified percentage of the gross proceeds collected from
the sale of raffle tickets for a particular drawing. The bingo-raffle licensee may
determine the amount of the jackpot based on the gross proceeds collected from
the sale of raffle tickets for a particular drawing plus the value of the jackpot
carried over from previous drawings in which the jackpot was not awarded. If a
consolation prize is offered and the progressive prize is won, the licensee may opt
to award the consolation prize for that particular drawing.

(c) If the bingo-raffle licensee offers a consolation prize, the bingo-raffle
licensee shall, before the drawing:

(I) Designate the specific amount or specific percentage of the gross
proceeds collected from the sale of raffle tickets that the consolation prize equals;
and

(II) Conspicuously display the amount or percentage of the gross proceeds
collected that the consolation prize equals.

(d) The licensing authority may establish by rule the maximum jackpot that a
bingo-raffle licensee may award for a progressive raffle; except that,
notwithstanding section 24-21-617 (5), the maximum jackpot must be at least
fifteen thousand dollars. The maximum jackpot does not include the aggregate
amount of consolation prizes awarded.

(e) The licensing authority may establish by rule the maximum number of
progressive raffles that a bingo-raffle licensee may conduct simultaneously. To
ensure that all prizes offered are timely awarded, the licensing authority may limit
by rule the number of drawings that a bingo-raffle licensee may conduct before a
jackpot must be awarded; except that the maximum number of drawings must be at
least thirty.

(f) (I) The licensing authority may establish by rule the permitted methods of
conducting a progressive raffle.

(II) The licensing authority may not prohibit those methods of conducting a
progressive raffle in which the participant whose ticket number is drawn wins both
a prize for the winning ticket number and a chance to win the jackpot.

Legislative History

Source: L. 2017: Entire part added with relocations, (SB 17-232), ch. 233, p. 934, � 2, effective May 23.