Form gcvs 2 2026

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The document is a verified statement for raffle operations, specifically for organizations reporting net profits of less than $30,000 for the calendar year. It outlines the requirements for submitting a report in triplicate to the municipal clerk and the New York State Racing and Wagering Board by January 30th of the following year. The form includes sections for detailing receipts, expenditures, net profit or loss, disposition of net proceeds, and schedules for prizes and donated prizes. It emphasizes compliance with regulations regarding raffle licensing based on profit thresholds.

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Click ‘Get Form’ to open it in the editor.
Begin by entering your organization’s name and N.Y.S. Identification Number at the top of the form.
Fill in your street address, city, zip code, and county to ensure accurate identification.
Record the date(s) of your raffle drawing(s) in the designated section.
In Section A, detail your receipts: list the number of tickets printed, sold, and unsold along with their prices. Calculate total receipts by adding ticket receipts and other receipts.
Proceed to Section B to outline expenditures related to the raffle. Include payee names and check numbers for transparency.
Calculate net profit or loss in Section C by subtracting total expenditures from total receipts.
Complete Section D by detailing the disposition of net proceeds and any disbursements since the last report.
Finally, fill out Sections E and F regarding prizes, ensuring all values are accurately reported.

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What is a bell jar ticket?

Bell jars are games of chance in which a player draws a card from a jar, machine, or some other container, and prizes may be received on the basis of the number on it. These games are regulated by the states, and a license has to be obtained to conduct the game.

Are online prize raffles legal?

FYI - summary of key California regulations about raffles You cannot sell raffle tickets on the internet (though you can use the internet to tell people where to buy them). 90% of what the raffle takes in must be given to the nonprofit. Only 10% can be paid out in prizes.

Can you hold an online raffle?

If you want to do a raffle online, you can host a giveaway on social media or a raffle website. Pick a site to host your raffle, and choose your prizes and ticketing system. Then, make a post or a website detailing your raffle information. At the end of your set raffle time, pick a winner fairly and honestly.

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What is a jar ticket?

Jar tickets (rippies, instants) are small paper games of chance used for profit making or fund raising. They are sold as individual tickets or ticket bundles. Jar-tickets come with a corresponding "flare" or poster, which displays the winning combinations of symbols or numbers.

What is a gamer license?

a licence that allows an establishment, business, club, etc, to offer games that can be played for money.

Are pull tabs legal in New York?

New York allows charitable gaming in the forms of pull-tabs, bingo, raffles and Las Vegas Night games. Charitable gaming was authorized by Article 9A NYS General Law, also known as the Games of Chance Law.

Is it legal to hold a raffle in New York?

Raffle tickets can be sold by a member of an authorized organization licensed to conduct raffles who is at least eighteen years of age, and may also be sold by any person at least eighteen years of age with a blood relationship or affinity with a member of an authorized organization licensed to conduct a raffle ...

Do you need a license to do raffles online?

Before starting an online lottery, be aware that you will need a Gambling Commission licence in order to run it legally.

Form gcvs 2 2026

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