Maryland Criminal Law Section 13-1506

      (a)      (1)      The sheriff may not issue to a single organization in 1 calendar year more than 12 raffle licenses, no more than one of which may be for a raffle with a money prize exceeding $1,000.

            (2)      All raffle drawings shall be conducted in 1 calendar day.

            (3)      A raffle license is valid until all raffles are drawn.

            (4)      A raffle license shall state the day for the drawing or drawings.

      (b)      A money prize for a raffle may not exceed:

            (1)      $10,000 if the sponsoring organization has not held a raffle for a money prize exceeding $1,000 in the current calendar year; or

            (2)      $1,000 if the sponsoring organization has held a raffle for a money prize exceeding $1,000 in the current calendar year.

      (c)      An organization that intends to conduct a raffle for a money prize exceeding $1,000 shall:

            (1)      post a bond in the amount of the money prize; or

            (2)      obtain an irrevocable letter of credit from a bank in the amount of the money prize.