Bill would allow bigger raffle prizes

Submitted by ryanteaguebeckwith on May 28, 2009 - 8:00am.
Tags: | | | |

A bill to allow bigger raffle jackpots is headed to Gov. Beverly Perdue.

Sponsored by first-term Republican Rep. Justin Burr of Stanly County, the bill would allow charitable causes in North Carolina to give out bigger jackpots.

The maximum prize for cash or merchandise in a calendar year would increase from $50,000 to $125,000.

It also allows tax-exempt organizations to offer houses and real estate worth up to $500,000.

Burr said the bill would help charities generate more funds when their services are needed most in the current economy. (AP) 

You must be logged in to post a comment on this blog. If you already have an N&O online user account, click here to log in. Otherwise, click here to register (it's free!).