Can anindividual use a lottery to sell their own things?
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Can anindividual use a lottery to sell their own things?
Are there any restrictions for the individuals when selling their own things? Is it possible for them to use a lottery system to sell their things?Is it legal? There’s a platform that allows to sell any goods by lottery. Can ordinary individuals use it?
Asked on May 25, 2011 under Business Law, New York
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Unfortunately, an individual cannot have a legal lottery or raffle without a charity involved. Therefore, you will have to designate a charity that will receive any proceeds over that which you are asking for your house. In other words, the non-profit can then raffle off your things, and you'll get a tax deduction - but not the cash.
Nonprofit, tax-exempt entities typically are churches, schools, civic organizations, or related support groups; and nonprofit organizations qualified under Section 501(c) of the Internal Revenue Code.
You'll need to meet with a representative of that charity and explain what you are doing and how you will go about donating the proceeds.
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