Indiana HB1043 establishes rules for contest based raffles, including definitions, licensing, and operational guidelines.

Indiana HB1043 amends the Indiana Code to introduce contest based raffles, defining them as the sale of tickets or chances to win a prize based on the result of a specific event or contest, including sport horse competitions. The bill outlines licensing requirements for qualified organizations to conduct such raffles, including annual and single activity licenses. It specifies that only qualified organizations can hold these raffles and mandates that they provide advance notice to the commission.

Indiana HB1043 establishes rules for contest based raffles, including definitions, licensing, and operational guidelines.

Indiana HB1043 amends the Indiana Code to introduce contest based raffles, defining them as the sale of tickets or chances to win a prize based on the result of a specific event or contest, including sport horse competitions. The bill outlines licensing requirements for qualified organizations to conduct such raffles, including annual and single activity licenses. It specifies that only qualified organizations can hold these raffles and mandates that they provide advance notice to the commission.