Wisconsin Statutes 563.94 – Profits
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 563.94
- Profit: means the gross receipts collected from one or more bingo occasions, less reasonable sums necessarily and actually expended for bingo supplies and equipment, prizes, utilities, license fees and taxes. See Wisconsin Statutes 563.03
- Raffle: means a game of chance for which tickets or calendars are sold and one or more drawings for prizes are held, but does not include a savings promotion program under…. See Wisconsin Statutes 563.03
All profits from raffles shall be used by the organization conducting the raffles to further the organization’s purpose for existence and no salaries, fees, or profit shall be paid to any other organization or individual in connection with the operation of a raffle. This section does not prohibit the printing of tickets or calendars or the purchase of equipment or prizes for a raffle.