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  • Mi Lottery Bsl-cg-1619 2022

Get Mi Lottery Bsl-cg-1619 2022-2026

RAFFLE FINANCIAL STATEMENTCharitable Gaming Division 101 E. Hillsdale, Box 30023 Lansing, Michigan 48909 www.michigan.gov/cgThis statement must be led by the 10th day of the month following the Neil.

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How to fill out the MI Lottery BSL-CG-1619 online

Filling out the MI Lottery BSL-CG-1619 form is a crucial step for organizations that conduct licensed gaming events. This guide provides step-by-step instructions to help you complete the form accurately and efficiently.

Follow the steps to complete the form online.

  1. Press the 'Get Form' button to access the form and open it in the editing interface.
  2. Enter the date of the final drawing in the designated field. Ensure the date is accurate and formatted correctly.
  3. Provide your organization ID number. This number is essential for identifying your organization within the gaming regulations.
  4. Fill in the organization name and mailing address, ensuring all information is clear and complete.
  5. Input the city and ZIP code associated with your mailing address.
  6. Include the license number in the appropriate field to confirm your organization's licensing for the gaming event.
  7. Report the revenue from ticket sales by entering the total amount in the space provided for line 1.
  8. If applicable, list the retail value of any donated prizes on line 2.
  9. Calculate and write the total revenue from lines 1 and 2 on the designated line.
  10. List all expenses related to the event, including cash and purchased prizes in line 4.
  11. Repeat this for any donated prizes (line 5) and ticket seller incentive prizes (line 6), inputting the appropriate values.
  12. Add up the total expenses from lines 4, 5, and 6 and place the result on the total expenses line.
  13. Enter any additional expenses, like worker compensation, license fees, and advertising, in the specified fields.
  14. After inputting all expenses, compute the total of all expenses from lines 7 to 12 and place it in the total expenses section.
  15. Calculate the net profit or loss by subtracting the total expenses from the total revenue and enter the figure in the appropriate space.
  16. Indicate whether charity game tickets were sold at the event by selecting 'Yes' or 'No' and completing the necessary follow-up if applicable.
  17. As the principal officer, sign the form, providing your title and the date of completion.
  18. Save your changes, download the completed form, or print it for your records. Ensure a copy is retained for your organization.

Complete your MI Lottery BSL-CG-1619 online today to stay compliant and manage your charitable gaming effectively.

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Participants purchase any amount of tickets they wish for a chance to win half of the total proceeds. The more tickets they buy, the greater their chances of winning. For example, if tickets cost $5 and 1,000 tickets are sold, the sales amount to $5,000. The winner of the raffle would receive a cash prize of $2,500.

How much is a Michigan raffle license? Apply for a Raffle For drawing dates awarding no more than $500 in prizes, the cost is $15 for up to three drawing dates and $5 for every additional date. To be able to award an unlimited amount in prizes, the license will cost $50 per drawing date.

To play Second Chance games, you first purchase an eligible in-store Instant Game. After purchasing an eligible ticket, if that ticket was not a winner, then you can scan the ticket to earn free online games for a chance to win cash prizes.

Consideration, chance and prize together equal a gambling event that is likely going to require a license. Even a 50/50 requires a license. There are three raffle license types, small, large, and combination (large and small on one license).

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