This bill amends existing laws regarding the conduct of raffles in New Jersey, specifically allowing licensed organizations to conduct raffles remotely via the Internet. It mandates the Legalized Games of Chance Control Commission to adopt regulations within 180 days to facilitate this process, including the ability to advertise these remote raffles statewide. Additionally, the bill removes all limitations on the value of prizes that can be awarded in raffles and permits remote raffles to be held on Sundays, which was previously prohibited.

Furthermore, the bill establishes a requirement for organizations conducting remote raffles to determine winners and award prizes within 365 days of the raffle's initiation. It also imposes a quarterly reporting obligation on these organizations to provide detailed accounts of their raffle activities, including gross receipts, expenses, and net proceeds. This comprehensive approach aims to modernize the raffle process, enhance transparency, and increase fundraising opportunities for various licensed organizations.

Statutes affected:
Introduced: 5:8-51, 5:8-62