462.140 - Conditions for operation of charitable lottery.
462.140 Conditions for operation of charitable lottery. A qualified organization may operate a charitable lottery if:
1. The organization is approved by the Executive Director and the total value of all the prizes offered in charitable lotteries operated by the organization during the same calendar year does not exceed $500,000;
2. The organization registers with the Executive Director and the total value of all the prizes offered in charitable lotteries operated by the organization during the same calendar year does not exceed $25,000; or
3. The total value of the prizes offered in the charitable lottery does not exceed $2,500 and:
(a) The organization operates no more than two charitable lotteries per calendar year; or
(b) The tickets or chances for the charitable lottery are sold only to members of the organization, and to guests of those members while attending a special event sponsored by the organization, and the total value of all the prizes offered in charitable lotteries operated by the organization during the same calendar year does not exceed $15,000.
(Added to NRS by 1991, 2258; A 1997, 294)