Tuesday, July 17, 2007

Lansing State Journal: 'Millionaire' parties can aid nonprofits

Lansing State Journal: 'Millionaire' parties can aid nonprofits: "A 'millionaire party' is an event where casino games, such as blackjack, roulette and poker, are used to raise money. In addition, a millionaire party license allows for cash or merchandise prizes, the sale of charity game tickets and raffles in conjunction with the event.

A nonprofit organization is limited to four millionaire party licenses per calendar year and the maximum amount of money the organization may receive in exchange for imitation money or chips is $15,000 per day. Hosting events such as Texas Hold'em poker tournaments can raise a significant amount of money due to the entertainment appeal."

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