Raffle Winner Records
(1)A raffle licensee shall maintain the following records relating to the winners of raffle prizes:
(a)For each winner of a prize with a retail value of $200 or more, a licensee shall maintain records that reflect the date of the drawing, a description of the prize, and the name and address or other contact information provided by the prize winner.
(b)For prizes with a retail value of $600 or more, the licensee shall also obtain the signature of the prize winner acknowledging receipt of the prize and that person’s street address in addition to other contact information provided by the winner.
(2)A raffle licensee shall maintain copies of receipts from the vendor relating to the purchase of all noncash prizes awarded with a retail value of more than $500. For all other noncash prizes advertised as having a retail value of more than $500, the licensee shall maintain records identifying the prize, the donor or other source of the prize, and the basis for determining the prize’s retail value.
(3)Copies of IRS forms W-2G and 5754 to the extent such forms were required to be completed in connection with the awarding of the raffle prize.
Rule 137-025-0250 — Raffle Winner Records,