(a)    Random selection of a ticket portion or calendar portion from a container housing portions of all tickets or calendars purchased for the selection. See Wisconsin Statutes 563.03

Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.

Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01

Raffle: means a game of chance for which tickets or calendars are sold and one or more drawings for prizes are held, but does not include a savings promotion program under…. See Wisconsin Statutes 563.03

   (1)    Each organization licensed to conduct raffles shall maintain a list of the names and addresses of all persons winning prizes with a fair market value of $600 or more, and the prizes won, for at least 12 months after each raffle is conducted. The list shall be available at reasonable times for public examination and shall be provided to the department upon request.

   (2)   An organization licensed to conduct raffles shall keep an electronic or paper copy of its license that is available for any person to inspect upon request at the event during which a drawing is held.