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Frequently Asked Questions Related to Gambling

Question: What information is required on a raffle ticket?

Answer: All raffle tickets, with the exception of double admission tickets, must contain: Name of organization, Ticket number, Price of the ticket; Prizes; Licensing authority (Attorney General's office or local city or county) and license number, Statement that the person is not required to be present to win; Date and time of the drawing, Location and street address of the drawing; and A statement that the ticket is not a charitable donation. If applicable, the ticket must also disclose whether sales are restricted to persons of a minimum age, whether prizes require a title transfer, and whether the winning player is or is not liable for sales or use tax on the prize.

Question: Are prizes taxable?

Answer: For all prizes over $600.

Question: How does a group make money conducting a Texas Hold'em tournament?

Answer: Entry fees are charged to players participating in the tournament. Out of these fees your organization will pay any necessary expenses (e.g., prizes, equipment rental, licensing fees, advertising, etc.). Any funds left over after payment of expenses is profit to your organization.

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