N.Y. Comp. Codes R. & Regs. tit. 9 § 4620.24

Current through Register Vol. 46, No. 43, October 23, 2024

Section 4620.24 - Treasure Chest Raffle

(a) Equipment. Two different-colored series of two-part, sequentially numbered raffle tickets; two raffle ticket drums or receptacles; a game commission; a chest; a lock to secure the chest; and a number of keys predetermined by the licensee and listed in its house rules and on its raffle license application (if applicable). Only two of the keys shall be capable of opening the lock. One of those keys must be marked by the locksmith as a master key, and secured at all times by a member-in-charge; the other key, and all of the remaining (losing) keys, shall be unmarked and maintained in accordance with this section. The game commission shall have a number of nails protruding from the commission at an angle that permits the keys to be hung on one nail at a time. The number of nails shall be equal to the total number of keys in play at the start of the Treasure Chest Raffle.

(b) The play.

(1) The licensee shall sell one series of two-part, sequentially numbered raffle tickets designated as prize winning tickets, depositing one part of each ticket sold into the prize winning raffle ticket drum or receptacle and presenting the other part of that ticket to the purchaser to retain as a receipt for verification purposes.

(2) The member-in-charge shall remove the licensee's designated percentage of the sales of raffle tickets sold during that occasion as raffle profit, and shall secure those funds for deposit into the special games of change raffle checking account, if applicable, or other bank account.

(3) The member-in-charge shall remove 10 percent of the remaining funds, and shall divide that amount into five equal parts that shall be designated as the primary prize pool.

(4) The member-in-charge shall insert the remaining prize money (the secondary prize) into the treasure chest and lock it.

(5) After a single key is hung on each of the nails, one-half of a different colored series of two-part, serial-numbered tickets designated as key tickets shall be affixed to each of the nails, and the other halves of the those tickets shall be deposited into a raffle ticket receptacle designated the key ticket receptacle.

(6) All prize winning ticket stubs shall be randomly commingled and thoroughly intermixed in the prize winning ticket raffle ticket drum or receptacle; five tickets shall be drawn by a licensed organization's member-in-charge from that drum or receptacle; and the five players holding the corresponding ticket stubs shall each be awarded one-fifth of the primary prize pool.

(7) The member-in-charge shall draw a key ticket from the key ticket receptacle for each of those five players, and each of the keys hanging on the game commission under the raffle ticket stubs corresponding with each of the player's stubs is presented to the five winning players. Each player shall attempt to open the lock on the treasure chest using his or her key.

(8) If none of the keys opens the lock, the raffle is closed for that occasion; the five key tickets are destroyed; and the member in charge removes the keys that did not open the locks from play.

(9) At the conclusion of that occasion, the member-in-charge shall remove the cash from the treasure chest using a master key; the losing keys shall be locked in the treasure chest; the key ticket receptacle, the key tickets therein, and the game commission with its remaining keys and key tickets shall be securely stored by the member-in-charge; and the remaining cash prize shall be deposited into the games of chance (raffle) checking account (if applicable), where it will remain until that amount is added to the treasure chest immediately prior to the start of the next occasion the treasure chest raffle will be conducted.

(10) During the next occasion, 60 percent of the proceeds from the sale of tickets for that occasion shall be added to the dollar amount reserved from the previous occasion, and the procedures outlined above shall be repealed for a new raffle.

(11) The procedures described above shall be repeated during each subsequent occasion until the lock is opened and the winner is awarded the secondary prize.

(12) If the secondary prize has not been awarded during an occasion on or about 170 days after the start of ticket sales for a treasure chest raffle, an announcement shall be made during that occasion that the remaining tickets will be drawn during the next bingo occasion until a winner of the secondary prize is awarded.

(13) After the secondary prize is awarded, all of the key tickets on the game commission and in the key ticket receptacle shall be discarded; and all of the keys secured by the member-in-charge.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 4620.24