Section 13-1506 - Raffles. - Maryland Statutes

§ 13-1506. Raffles.
 

(a)  Limitations.-  

(1) The sheriff may not issue to a single organization in 1 calendar year more than 12 raffle licenses, no more than one of which may be for a raffle with a money prize exceeding $1,000. 

(2) All raffle drawings shall be conducted in 1 calendar day. 

(3) A raffle license is valid until all raffles are drawn. 

(4) A raffle license shall state the day for the drawing or drawings. 

(b)  Prizes.- A money prize for a raffle may not exceed: 

(1) $10,000 if the sponsoring organization has not held a raffle for a money prize exceeding $1,000 in the current calendar year; or 

(2) $1,000 if the sponsoring organization has held a raffle for a money prize exceeding $1,000 in the current calendar year. 

(c)  Security required.- An organization that intends to conduct a raffle for a money prize exceeding $1,000 shall: 

(1) post a bond in the amount of the money prize; or 

(2) obtain an irrevocable letter of credit from a bank in the amount of the money prize. 
 

[An. Code 1957, art. 27, § 254(c)(3)(i), (ii), (d)(3)(i), (5), (6); 2002, ch. 26, § 2.]