Raffle Law and Legal Definition

Raffle is a type of lottery played as part of gambling in which several persons pay money for paper tickets that provide an opportunity to win the prizes. Which one of them shall become the sole possessor of it is determined by chance. In raffle, each ticket is sold with a detachable coupon or stub. Both the ticket and its associated coupon or stub is marked with a unique and matching identifier. Winners of the prizes are determined by draw from among the coupons or stubs that have been detached from all tickets sold for entry in the draw. Some portion or share may be retained by the person conducting the raffle.