Calcutta sweepstakes
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For calcutta sweepstakes, the total amount paid by all the players to play the game must not be more than $10,000. There are restrictions on the maximum amount any one player may pay to play.
Some of the money paid by players can be used for charitable fundraising purposes, and all the rest of the money must be returned to players as prizes. The operator may not make a profit or deduct any expenses.
Conditions
Calcutta sweepstake competitions relating to sporting events, subject to the following conditions:
- the total contributions, including sums bid at auction, do not exceed $10,000;
- either:
- the total contributions, including sums bid at auction, without any deduction, are distributed to participants as prizes in money or money’s worth; or
- at least 80 per cent percent of the total contributions, including sums bid at auction, is distributed to participants as prizes in money or money’s worth, and the remaining contributions, without any deduction, are used for the lawful purposes of a not-for-profit organisation or a charitable purpose and not for the private gain or benefit of any person except by way of charity;
- individuals under the age of 18 years do not participate in the game;
- sufficient information is provided in advance to enable participants to reasonably understand the rules of the game; and
- sufficient records are retained to reasonably demonstrate compliance with these conditions.
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