InfoPEIHOME / GOVERNMENT / GOVINFO / LICENCE AND REGISTRATION / LOTTERY / Lottery License A simple definition of gaming is an event whereby a participant has to pay to play, the winner is determined by chance, and the prize is greater than the cost to play.
In order for a license to be issued, there are two conditions that must be met. The first requirement is with regard to the nature of the applicant. The applicant must be an organization that is non profit and charitable in nature. This can be demonstrated by the organization being registered with the Canada Revenue Agency (CRA) as a registered Canadian Charity, or the Attorney General otherwise deeming it to be suitable. The second requirement is that the funds raised must be used for charitable or religious purposes. The funds can only be used for:
The cost of the license is equal to 2% of the retail value of the prizes for an event where the prizes exceed $250 in value and a flat fee of $5 when the prize value equals $250 or less. If your prize value is $250 or less you can obtain a license over the counter but if the value is more, you must make application, pay the fee and the application will be reviewed. You are asked to make your application two weeks prior to the beginning of the event. Forms Application to Manage and Conduct a Lottery Scheme (prize value over $250)
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