Rules for Signal
Mountain Sports Boosters “Mountain Money Madness” Split-Pot Raffle
1. General. By participating in the Signal Mountain Sports Boosters “Mountain Money Madness” Split-Pot Raffle ("Raffle"), entrants agree to be bound by these Official Rules and by the decisions of Signal Mountain Middle High School Sports Boosters Club ("SMSB"), which shall be binding and final as to all matters related to the Raffle. The Raffle is subject to all applicable federal, state, and local laws and is void where prohibited.
2. Jackpot. The "Jackpot" shall be total proceeds from raffle tickets sold for that drawing.
3. SMSB Proceeds. Fifty percent (50%) of the Jackpot (less raffle expenses) will benefit SMSB, a 501(c)(3) public charity, and the programs SMSB supports. The purpose of the SMSB is to financially and physically support the athletic programs of the Signal Mountain Middle/High School. The SMSB will also raise funds for capital projects associated with the improvement of facilities at the Signal Mountain Middle High School to support the athletic programs there. The SMSB will also sponsor recognition programs for students that participate in sports, and foster other activities that build enthusiasm and school spirit.
4. Eligibility. The Raffle is open to all persons age eighteen (18) and older with a valid Social Security Number or U.S. Taxpayer Identification Number and subject to these Official Rules. The winner must present 2 forms of identification, including a valid Social Security card, driver’s license, or voter registration card in order to collect their prize winnings. SMSB Board Members & Vendors as well as ANY family members residing in their home are not eligible to participate.
5. Purchasing Raffle Tickets. All Raffle Tickets may be purchased for $10 a ticket. Raffle Tickets will be available online at www.goSMEagles.com. Each entrant will receive a receipt corresponding to his/her purchased Raffle Ticket(s). All Raffle Ticket purchases shall be final, and no refunds or replacements will be issued by SMSB. Raffle Tickets are only valid for the drawing held on October 16, 2015.
6. Raffle Tickets are Not Tax Deductible. The IRS has taken the position that amounts paid for chances to participate in raffles, lotteries, or similar programs are not gifts and, therefore, the price of the entry does not qualify as a deductible charitable contribution.
7. Prize. Each winner will receive a prize equal to fifty percent (50%) of the Jackpot. The prize will be publically posted after raffle.
8. Taxes. Each winner shall be responsible for any and all travel, costs, federal, state and local income or excise taxes, fees, assessments and like charges associated with a prize. At the time of this printing, federal law requires that a tax withholding on certain prize values must be collected from winners upon award and distribution. Federal and state withholding laws are subject to change without notice. The withholding laws in effect at the time each prize is claimed will be followed. A shared prize claim by multiple persons shall not reduce any applicable withholding on the total amount awarded.
9. Selection of Winner. During half-time of the October 16, 2015 football game, one (1) Raffle Ticket will be drawn by SMSB to determine the winner of the prize. The number of the winning Raffle Ticket will be announced in the Stadium, contacted by SMSB and listed on the school website. Winner does not need to be in attendance at the drawing to win.
10. Odds. The odds of winning the Raffle depend on the number of Raffle Tickets purchased for the drawing.
11. Transfer of Raffle Tickets or Prize. Persons who purchase Raffle Tickets may opt to give away their Raffle Tickets to other eligible persons, but in doing so the purchaser waives any claim he/she might otherwise have to the prize. Purchasers of Raffle Tickets may not re-sell their Raffle Tickets to other parties, and may not knowingly give Raffle Tickets away to others for the purpose of allowing those other parties to re-sell such Raffle Tickets. All Raffle Tickets which have been resold in violation of these Official Rules shall be void. All individuals who re-sell, purchase, or receive Raffle Tickets in violation of these Official Rules shall be ineligible to participate in the Raffle or to win a prize. A winner may transfer his/her prize to a third party provided that the following conditions are met: (a) the transferee would have otherwise been eligible to enter the Raffle as specified in rule no. 4; (b) the transferee shall be responsible for all taxes and costs described in these Official Rules; and (c) the transferee shall be bound by all terms and conditions of these Official Rules that are applicable to the winner.
12. Judges. The Raffle will be conducted and supervised by SMSB, whose decisions are final. SMSB reserves the right to modify these Official Rules at any time. SMSB reserves the right, in its sole discretion, to cancel or suspend the Raffle should unauthorized human intervention or other causes corrupt the administration, security, fairness, integrity or proper operation of the Raffle.
13. Release of Liability. By entering into the Raffle, all entrants agree to: (a) be bound by these Official Rules; and (b) release SMSB from any and all liability with respect to any injury, damage or loss that may occur, directly or indirectly, in whole or in part, from the participation in the Raffle, or from any travel or activity related to the receipt or use of any prize.
14. Publicity Release. Each winner, by accepting a prize, grants SMSB full permission, except where legally prohibited, to use such winner's name, address (city and state only), photograph, voice and/or other likeness, and prize information for advertising, trade and promotional purposes without further compensation and without notice, review or approval, in all
media now known or hereafter discovered, worldwide and in perpetuity. Each winner shall execute all documents that SMSB may require to be signed in connection with this release.
15. Winners List. A Winners List will be available on the school website after the drawing.
16. Governing Law. The Raffle and these Official Rules shall be subject to and governed by the laws of the State of Tennessee. If a court of competent jurisdiction finds that any provision of these Official Rules, or their application to a particular persons or circumstances, is invalid or unenforceable to any extent, then the remainder of these Official Rules shall remain enforceable to the fullest extent permitted by law.
17. If you have questions, please email signalmountainsportsboosters@gmail.com.
1. General. By participating in the Signal Mountain Sports Boosters “Mountain Money Madness” Split-Pot Raffle ("Raffle"), entrants agree to be bound by these Official Rules and by the decisions of Signal Mountain Middle High School Sports Boosters Club ("SMSB"), which shall be binding and final as to all matters related to the Raffle. The Raffle is subject to all applicable federal, state, and local laws and is void where prohibited.
2. Jackpot. The "Jackpot" shall be total proceeds from raffle tickets sold for that drawing.
3. SMSB Proceeds. Fifty percent (50%) of the Jackpot (less raffle expenses) will benefit SMSB, a 501(c)(3) public charity, and the programs SMSB supports. The purpose of the SMSB is to financially and physically support the athletic programs of the Signal Mountain Middle/High School. The SMSB will also raise funds for capital projects associated with the improvement of facilities at the Signal Mountain Middle High School to support the athletic programs there. The SMSB will also sponsor recognition programs for students that participate in sports, and foster other activities that build enthusiasm and school spirit.
4. Eligibility. The Raffle is open to all persons age eighteen (18) and older with a valid Social Security Number or U.S. Taxpayer Identification Number and subject to these Official Rules. The winner must present 2 forms of identification, including a valid Social Security card, driver’s license, or voter registration card in order to collect their prize winnings. SMSB Board Members & Vendors as well as ANY family members residing in their home are not eligible to participate.
5. Purchasing Raffle Tickets. All Raffle Tickets may be purchased for $10 a ticket. Raffle Tickets will be available online at www.goSMEagles.com. Each entrant will receive a receipt corresponding to his/her purchased Raffle Ticket(s). All Raffle Ticket purchases shall be final, and no refunds or replacements will be issued by SMSB. Raffle Tickets are only valid for the drawing held on October 16, 2015.
6. Raffle Tickets are Not Tax Deductible. The IRS has taken the position that amounts paid for chances to participate in raffles, lotteries, or similar programs are not gifts and, therefore, the price of the entry does not qualify as a deductible charitable contribution.
7. Prize. Each winner will receive a prize equal to fifty percent (50%) of the Jackpot. The prize will be publically posted after raffle.
8. Taxes. Each winner shall be responsible for any and all travel, costs, federal, state and local income or excise taxes, fees, assessments and like charges associated with a prize. At the time of this printing, federal law requires that a tax withholding on certain prize values must be collected from winners upon award and distribution. Federal and state withholding laws are subject to change without notice. The withholding laws in effect at the time each prize is claimed will be followed. A shared prize claim by multiple persons shall not reduce any applicable withholding on the total amount awarded.
9. Selection of Winner. During half-time of the October 16, 2015 football game, one (1) Raffle Ticket will be drawn by SMSB to determine the winner of the prize. The number of the winning Raffle Ticket will be announced in the Stadium, contacted by SMSB and listed on the school website. Winner does not need to be in attendance at the drawing to win.
10. Odds. The odds of winning the Raffle depend on the number of Raffle Tickets purchased for the drawing.
11. Transfer of Raffle Tickets or Prize. Persons who purchase Raffle Tickets may opt to give away their Raffle Tickets to other eligible persons, but in doing so the purchaser waives any claim he/she might otherwise have to the prize. Purchasers of Raffle Tickets may not re-sell their Raffle Tickets to other parties, and may not knowingly give Raffle Tickets away to others for the purpose of allowing those other parties to re-sell such Raffle Tickets. All Raffle Tickets which have been resold in violation of these Official Rules shall be void. All individuals who re-sell, purchase, or receive Raffle Tickets in violation of these Official Rules shall be ineligible to participate in the Raffle or to win a prize. A winner may transfer his/her prize to a third party provided that the following conditions are met: (a) the transferee would have otherwise been eligible to enter the Raffle as specified in rule no. 4; (b) the transferee shall be responsible for all taxes and costs described in these Official Rules; and (c) the transferee shall be bound by all terms and conditions of these Official Rules that are applicable to the winner.
12. Judges. The Raffle will be conducted and supervised by SMSB, whose decisions are final. SMSB reserves the right to modify these Official Rules at any time. SMSB reserves the right, in its sole discretion, to cancel or suspend the Raffle should unauthorized human intervention or other causes corrupt the administration, security, fairness, integrity or proper operation of the Raffle.
13. Release of Liability. By entering into the Raffle, all entrants agree to: (a) be bound by these Official Rules; and (b) release SMSB from any and all liability with respect to any injury, damage or loss that may occur, directly or indirectly, in whole or in part, from the participation in the Raffle, or from any travel or activity related to the receipt or use of any prize.
14. Publicity Release. Each winner, by accepting a prize, grants SMSB full permission, except where legally prohibited, to use such winner's name, address (city and state only), photograph, voice and/or other likeness, and prize information for advertising, trade and promotional purposes without further compensation and without notice, review or approval, in all
media now known or hereafter discovered, worldwide and in perpetuity. Each winner shall execute all documents that SMSB may require to be signed in connection with this release.
15. Winners List. A Winners List will be available on the school website after the drawing.
16. Governing Law. The Raffle and these Official Rules shall be subject to and governed by the laws of the State of Tennessee. If a court of competent jurisdiction finds that any provision of these Official Rules, or their application to a particular persons or circumstances, is invalid or unenforceable to any extent, then the remainder of these Official Rules shall remain enforceable to the fullest extent permitted by law.
17. If you have questions, please email signalmountainsportsboosters@gmail.com.