Nevada § 462.140 - Conditions for operation of charitable lottery
Full text of Nevada Nevada Revised Statutes § 462.140 — Conditions for operation of charitable lottery, with citation guidance and answers to common questions.
§ 462.140. Conditions for operation of charitable lottery
1. A qualified organization may operate a charitable lottery if: (a) The qualified organization is registered by the Chair to operate a charitable
lottery pursuant to NRS 462.150 ; and (b) The total value of all the prizes offered in charitable lotteries operated by
the qualified organization during the same calendar year, including, without limitation,
the value of all unclaimed cash prizes: (1) Except as otherwise provided in subparagraph (2), does not exceed $500,000; or (2) If the qualified organization is a qualified professional sports organization,
does not exceed $2,000,000. 2. As used in this section, “ qualified professional sports organization ” means a qualified organization that is affiliated and co-branded with a professional
sports team franchise which: (a) Is a member of Major League Baseball, Major League Soccer, the National Basketball
Association, the National Hockey League or the National Football League; and (b) Plays the majority of its home games in this State. The term does not include any minor league affiliate of any such team franchise, association
or league.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 462.140
What does Nevada Revised Statutes § 462.140 cover?
Section 462.140 ("Conditions for operation of charitable lottery") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 462.140?
A common citation format is "Nevada Revised Statutes § 462.140" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 462.140 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.