Conducting raffles.
Ark. Code Ann. § 23-120-104
in effect(a) A qualifying organization is authorized to conduct a raffle under this chapter.
(b) A raffle conducted by a qualifying organization under this chapter:
(1) May be conducted on:
(A) A digital or electronic device;
(B) An online platform, website, or software application; or
(C) Any premises owned, leased, or otherwise utilized by a qualifying organization; and
(2) Shall be:
(A) Based on an official game or sporting event between a qualifying organization's collegiate athletic team and an opposing institution of higher education's collegiate athletic team; and
(B) Limited to one (1) raffle per official game or sporting event.
(c) A qualifying organization conducting a raffle under this chapter:
(1) May determine what method of payment the qualifying organization will accept in exchange for a raffle ticket;
(2) Shall designate the prize amount or division of receipts of a raffle; and
(3) Shall publicly announce the prize amount or division of receipts of a raffle prior to the sale of the raffle ticket.
(d) A qualifying organization may utilize receipts from the raffle for the following purposes:
(1) Payment of prizes designated for the raffle;
(2) Payment of administrative costs, fees, or expenses to operate, conduct, advertise, and promote the raffle under this section;
(3) Purchase of software, technology, supplies, or equipment to operate, conduct, advertise, and promote the raffle under this section;
(4) Provision of scholarships, financial aid, stipends, or other compensation to a student-athlete attending the institution of higher education;
(5) Compensation of a student-athlete for the commercial use of his or her publicity rights in accordance with the Arkansas Student-Athlete Publicity Rights Act, § 4-75-1301 et seq.;
(6) General support of the institution of higher education’s athletics teams or programs; and
(7) Purchase, maintenance, repair, debt service, or construction of the institution of higher education’s collegiate athletic property, facilities, or equipment.
(e) If a qualifying organization elects to allow credit cards as a method of payment under subsection (c) of this section, there shall be a cap of two hundred fifty dollars ($250) per transaction.
Source: Arkansas General Assembly, Acts of 2021-2026 (arkleg.state.ar.us)URL: https://arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=305.pdf&ddBienniumSession=2025%2F2025RFetched: 11/8/2026