Troy High Athletic Boosters – 50/50 Rules
Licensee Name: Troy High Athletic Boosters
License Number: X07716
Raffle Prices: 5 tickets for $5, 10 tickets for $10, 15 tickets for $15, and 25 tickets for $20. Must be 18 or older to purchase.
Prizes: #1) 50% of sales (total prizes awarded not to exceed $500)
Determination of Winner: The raffle will be conducted utilizing Troy High Athletic Boosters volunteers. Sales will be conducted at the front entrance to the football field. All sales of tickets will stop at the end of the 3rd quarter of the football game. The winner will be selected at random at the end of the 3rd quarter of play in the football game. The first number selected at random will be the winner of prize #1) 50% of sales. The winner will be announced during the during the 1st break in the 4th quarter and will be displayed at the concession stand. The winning number will be posted on www.troyboosters.com.
Contingency Plan: in the event the game is cancelled prior to the 1st break in the 4th quarter, the winner will be announced at the end of the game and posted on www.troyboosters.com.
Redemption Claim Period for Prize #1 (50% of Sales): If winner dose not report to the concession stand prior to the end of the game, winners have up to 60 days to claim their prize with the Troy High Athletic Boosters. They can call Mike Sumnar at 248-425-4185. If not claimed within 60 days the prize will be donated to a non-profit organization on behalf of the athletic programs at Troy High School.
Refund Policy: Troy High Athletic Boosters – 50/50 tickets are non-refundable.
House Rules Effective: as of October 8, 2022
Federal and State of Michigan Tax Withholding Requirements:
The Internal Revenue Service (IRS) requires certain gambling winnings to be reported on Form W-2G if:
Sec. 4 The winnings (except winnings from bingo, slot machines, keno and poker tournaments) reduced, at the option of the payer, by the wager are:
A $600 or more, and
B At least 300 times the amount of the wager
R432.21509 Minimum age.
Rule 509. Raffle tickets shall only be sold to persons 18 years of age or older. This does not prohibit the purchase of a raffle ticket by a person who is 18 years of age or older for the purpose of making a gift to a person who is under the age of 18, and does not prohibit a person who is under 18 years of age from receiving a prize or prizes won in a raffle.