New York State Gaming Commission

Fundraising innovation: Less risk in games of chance

By SEAN WILKINSON, CPA // Governor Andrew Cuomo proposes to remove the red tape restricting nonprofit organizations’ fundraising efforts through raffles and other games of chance. The FY2018 Executive Budget will update outdated bureaucratic laws that will increase the potential of charitable organizations searching for support. Organizations that depend on these revenue-generating streams will benefit tremendously in the years to come. For example, the American Legion, a veteran’s organization, currently raises money by selling pull-tabs,…