L-6, r. 12 - Lottery Scheme Rules

Section 45.3 Disposition versions

2015-01-01

45.3. The holder of a licence for a drawing authorizing the 50/50 activity where the value of each prize to be awarded is greater than $5,000 must prepare and keep a statement of gross and net profit. The licence holder must send a copy of the statement to the board not later than 60 days following the expiry date of the holder’s licence or when applying for a new licence.

The statement must include, for each drawing,

(1)  the time, place and date of the drawing;

(2)  the number of tickets printed;

(3)  the number of tickets sold;

(4)  the selling price of the tickets;

(5)  the total proceeds from the sale of tickets;

(6)  the value of the prize awarded;

(7)  the administration expenses related to the drawing;

(8)  the profit or loss from the drawing;

(9)  the name and address of the winner of the prize;

(10)  an attestation that the prize was awarded, or if not, the reasons why a prize was not awarded.

If more than one 50/50 takes place on the same date, the statement must indicate the colour or serial number of the tickets used for each drawing.

O.C. 1076-2014, s. 21.