Lottery?
 

Hey guys,

I had an idea for the forum, let me know what you think maybe it will or could fly.

I was thinking about maybe starting a lottery.. Like have a $10 or $20 buy in and once a week or month have a drawing... the winner would get the money from the buy in to use for mods from a vendor on the forum.. I think it would be awesome for people who are kinda strapped for cash to be able to get mods for the Z... also a percentage of the pot could be sent to Ak to keep this awesome forum going... let me know what you think. It would also be open to premium members only....

I sent a PM to AK about this...

yah, gambling is always a great way to earn money... :ugh:




:icon17: sounds like fun though

This sounds a bit illegal.

:iagree:

Intensions is good but yeah I don't think this would work specially if it involves money. But I could be wrong.

Yes and No.



Question, what if your in Canadia?

Please elaborate why yes and no. It would be a good info for everyone.

Im with it if it would be legit and the rules are good and not open to questionable results.
Just like the judging at Znationals

Oh boy somebody is still bitter looser lol

just do it on a boat in the river? :ugh2:

Yeah just like the mafia does! Lol

Aren't you 5-0 Wonka? :icon08: :ugh:

As always, Madwi sides with the law. :icon17:

Don't call it a lottery, call it a raffle. 10 Dollar buy in to support the370z.com, (lets just say 10 buy in and AK keeps 10% for the site) and the winner gets a 90$ gift certificate for a forum Vendor. That's 100% legit in my book. :tup:

I see a lot of charities and other non-profits having raffles (see andrewbennett's post above). I can't remember seeing one run by a "not non-profit."

https://www.google.com/#q=Are+raffles+legal%3F

Or we could each save $20 a week for all the same reasons and not have any tax consequences. :inoutroflpuke:

Lol ya im 5-0... but just tryin to make this forum better then it already is... like I said it's just a thought....

I'm with ^^ Raffle it is......:ugh2:

Just messin around. Good idea if it works out :tup:

I took a Q&D look at some of the hits on the Google link above and it looks like you have to be a registered non-profit and/or file some forms in some states (eg, CA). Even if it is legal where you are, I don't think you could sell tickets to people in those states. But I'm just some bozo on the Web - seek some expert advise.

Or Ak could get with a vendor(s) for diffrent items every week..

I.E. CF side blades... set raffle buy in for $5-$10 and winner gets the part Vendor probly makes 2-3 times normal cost, and with such a low buy in your really not losing much... and if you win you get $500 part for $5-$10 bucks...

What if vendor is overseas? then you would be buying from them and nothing really happens in the states...

the yes/no is if it's a lottery it has to be registered or could get really nasty really quickly. raffle is another story... vote for raffle!

Or here's another idea have like a $100-$200 buy in for a forced induction kit... if enough people do it, it's possible.....

here's your laws and rules.

biggest issue right away is "REMEMBER -- donors winning a raffle prize with a fair market value greater than $599.99 are required to pay income tax on the fair market value of that prize. Charities are required to issue a Form W-2G to the donor and to the IRS"

Sumption & Wyland - Strategic Planning, Executive Coaching, Training & Facilitation - Raffles & Charitable Lotteries

Charity Raffles – Tread Carefully

Raffle Laws | Raffle FAQ

silly murica

Well its really up to everyone if they are willing to pay the tax on a big item... But this has the possibility to be great.. if enough people want to do it.

could always raffle off gift cards with no determined amount of a small amount with the understanding with the supplier that it is for something else.

best part about the stupidity of taxes and whatnot in america is the amount of loopholes there are around them.

Let us know what AK says about it.

Then we will seek petition from Obama. Just kidding.

Here is another great lottery idea. A lottery where 500 of us pay $100 bucks each and the winner gets a 2015 Nismo.

At the Dubai airport, you could win a McLaren. They have lotteries limited to 5000 people, each paying the equivalent of $139 for a Ferrari or a McClaren.

UPDATE....

Ak wrote me back..


Quote:
Originally Posted by AK370Z
Quote:
Originally Posted by Wonka2581
Hey Ak,

I had an idea for the forum, let me know what you think maybe it will or could fly.

I was thinking about maybe starting a lottery.. Like have a $10 or $20 buy in and once a week or month have a drawing... the winner would get the money from the buy in to use for mods from a vendor on the forum.. I think it would be awesome for people who are kinda strapped for cash to be able to get mods for the Z... also a percentage of the pot could be sent to you to keep this awesome forum going... let me know what you think. It would also be open to premium members only....

Thanks,

Hi,
I wanted to do this for the "member of the month" where randorm premium member will be picked and they will receive $100 to be used for any parts shop at the end of the month. I may look into this. Thanks fof Ok


cool thanks AK... I made a thread on this and the people on the forum seem to all in for it... Please keep us posted..