Legal Question in Tax Law in Massachusetts
Can a non-profit operate an online drawing (similar to a 50/50) as a method of raising money. The break out would be 80% to the non-profit to distribute, 10% to the non-profit for operating costs, and 10% split between 1 or more winners. The entries would not be limited to the state the non-profit is formed in but would be limited to US residents only.
Asked on 5/09/14, 8:43 am
1 Answer from Attorneys
In order to conduct an online raffle in Massachusetts you need to obtain a license from the Attorney General's office. As to the specific terms if you check online, you can get the form and the instructions et cetera.
Answered on 5/09/14, 9:50 am