Section 230-09-150. Operating a limited fund-raising event.

(1) Licensees must:

(a) Require participants to purchase scrip with cash; and

(b) Exchange scrip at gambling stations for chips; and

(c) Allow only full and regular members to make cash transactions for scrip and maintain records during the FRE; and

(d) Disclose the prizes offered. The costs of prizes must not exceed fair market value. The organization may advertise the prize to the participants at the retail value; and

(e) Prevent the cost of all prizes from exceeding ten percent of the gross revenue of the event; and

(f) Comply with all other FRE rules.

(2) Licensees may allow unlimited wagering when using scrip and poker tournament chips.

[Statutory Authority: RCW 9.46.070. WSR 06-22-051 (Order 604), § 230-09-150, filed 10/27/06, effective 1/1/08.]

RCW 9.46.070. WSR 06-22-051 (Order 604), § 230-09-150, filed 10/27/06, effective 1/1/08.