N.M. Admin. Code § 15.4.6.9

Current through Register Vol. 35, No. 21, November 5, 2024

Section 15.4.6.9 - RAFFLE TICKETS

A. Raffle ticket requirements:

(1) all tickets sold in any raffle shall have the state license number, the word "raffle" and the date, time, and place of drawing printed on each ticket;

(2) all tickets shall be consecutively numbered;

(3) all major cash or merchandise prizes conspicuously printed on the ticket;

(4) the cost of each ticket shall be printed on the front of each ticket; and

(5) with the exception of a split raffle, the expiration date by which a prize must be claimed shall be printed on each ticket.

B. If the ticket holder is required to be present at the drawing to be eligible for the prize, a statement setting forth this condition shall be conspicuously printed on each ticket and on all promotional material concerning the raffle.

C. When a prize exceeds $75,000 the licensee shall submit a valid copy of a raffle ticket to the board prior to selling any tickets.

N.M. Admin. Code § 15.4.6.9

15.4.6.9 NMAC - Rp, 15.4.8.8 NMAC, 4/15/2013, Adopted by New Mexico Register, Volume XXXII, Issue 04, February 23, 2021, eff. 2/23/2021