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WASHINGTON STATE GAMBLING COMMISSION RAFFLE SUMMARY Licensee: Lake Side Club Date of Drawing: July 4, XXX 1. Reconciliation of Ticket Sales 40000001()Ending Ticket #450(+) 1 ()Beginning Ticket #()#

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How to fill out raffle summary

01

Start by collecting all the necessary information for the raffle summary, such as the total number of tickets sold, the ticket prices, and any additional fees or expenses.

02

Calculate the total revenue generated from the raffle by multiplying the number of tickets sold by the ticket price.

03

Subtract any expenses or fees from the total revenue to calculate the net revenue.

04

Include a breakdown of the expenses, such as printing costs, venue rental fees, or any other incurred costs.

05

Provide a summary of the prizes offered in the raffle, including their estimated value.

06

Indicate the method used to select the winners, whether it was a random drawing or based on specific criteria.

07

Include information about any taxes or legal requirements associated with the raffle, if applicable.

08

Finally, summarize the overall success of the raffle, such as the amount of money raised for a charitable cause or the number of participants.

Who needs raffle summary?

01

Anyone organizing a raffle event needs to prepare a raffle summary.

02

This includes organizers of charity events, fundraisers, or any other event where a raffle is conducted.

03

The raffle summary serves as a documentation of the raffle's financial and operational details for transparency and legal compliance purposes.

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What is raffle summary?

The raffle summary is a report that provides a summary of funds received and distributed during a raffle event.

Who is required to file raffle summary?

Organizations or individuals who host raffle events are required to file a raffle summary.

How to fill out raffle summary?

To fill out a raffle summary, include information such as total funds received, prize expenses, and funds distributed to charitable causes.

What is the purpose of raffle summary?

The purpose of the raffle summary is to provide transparency and accountability regarding the funds raised and distributed during a raffle event.

What information must be reported on raffle summary?

Information such as total funds received, prize expenses, and funds distributed to charitable causes must be reported on the raffle summary.

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