Go to Previous Versions of this Statute
  1. 2024 Nebraska Rev. Stat. (here)
  2. 2023 Nebraska Rev. Stat.
  3. 2022 Nebraska Rev. Stat.
  4. View All Versions

2024 Nebraska Revised Statutes
Chapter 9 - Bingo and Other Gambling
9-427 - Lottery or raffle; gross proceeds; use; restrictions.

Universal Citation:
NE Code § 9-427 (2024)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Previous Next

9-427. Lottery or raffle; gross proceeds; use; restrictions.

(1) The gross proceeds of any lottery or raffle shall be used solely for lawful purposes, awarding of prizes, and allowable expenses.

(2) Not less than sixty-five percent of the gross proceeds of any lottery or raffle shall be used for the awarding of prizes, and not more than ten percent of the gross proceeds of a lottery or raffle shall be used to pay the allowable expenses of operating such scheme, except that if prizes are donated to the licensed organization to be awarded in connection with a raffle, the prizes awarded shall have a fair market value equal to at least sixty-five percent of the gross proceeds of the raffle and the licensed organization shall use the proceeds for allowable expenses, optional additional prizes, and a lawful purpose.

Source

  • Laws 1983, LB 259, § 50;
  • Laws 1984, LB 949, § 56;
  • Laws 1985, LB 486, § 3;
  • Laws 1985, LB 408, § 34;
  • R.S.Supp.,1985, § 9-185;
  • Laws 1986, LB 1027, § 148;
  • Laws 1994, LB 694, § 106;
  • Laws 2024, LB1204, § 4.
  • Effective Date: July 19, 2024

Previous Next
Disclaimer: These codes may not be the most recent version. Nebraska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.