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What is the difference between a raffle and an opportunity drawing?
Generally speaking, individuals and most non-government organizations cannot legally hold a raffle. To be part of the exception, your nonprofit or charitable organization needs to have tax-exempt status from the Internal Revenue Service (IRS). This is also known as 501(c)3 status.
Do I need a license to hold a raffle in NJ?
Raffle licenses must be obtained from the municipality in which the drawing will take place. Do you have an identification number from the State Legalized Games of Chance Control Commission? (You must present your colored certificate with your ID number to the Clerks Office when you apply).
How much is a raffle license in NJ?
Calendar Raffle Licensing fees payable by law to the Control Commission for this type of license is $20.00 for each $1,000 or part thereof of the total retail value of the prize(s) to be awarded.
Can you hold your own raffle?
Here in NJ you must have a gambling license for all events that are tricky tray style, have a 50/50 or a silent auction. Even a kids event like picto (think picture bingo) is considered a form of gambling and has certain rules associated with it.
raffle report of operations
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Procedures for Obtaining Licenses for Raffles, Bingos, and
You must file the Report of Operations no later than the 15th calendar day immediately following the month in which the licensed activity was held, operated, or
Instructions for Filing the Raffle Report of Operations
Reports are to be mailed to Legalized Games of Chance Control Commission, P.O. Box 46000, Newark, New Jersey 07101, or emailed to AskGames@dca.njoag.gov .
New Jersey Sales Use Tax Guide for Automobile Dealers
An exempt organization purchases a car to be used as a prize in a fund- raising raffle. Is this purchase exempt from tax? Yes. 32. Is the winner of the car
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