Thursday, September 5th, 2024

Eligibility

All participants must be 21 years of age or older, hold a valid U.S. social security card and reside in the U.S. Proof of eligibility shall be required from the participant who wins the prize. Failure to provide proof of eligibility upon request within 30 days will result in forfeiture of the prize. By purchasing a ticket, each participant accepts and agrees to be bound by all the rules, limitations, conditions, and restrictions set forth herein, as well as all applicable local, state, and federal laws and regulations. 

Paramount Arts Center officers, directors, and staff are prohibited from purchasing tickets. 

Releases

Winning ticket holders agree that the participant’s name, likeness, and any statements made by the participant regarding the prize may be disclosed to, and used by, the news media and may otherwise be used by the Paramount Arts Center for advertising or publicity purposes without compensation, and in lists of prize winners to be published in various forms.

Tickets

The cost to purchase a ticket for the raffle is $100.00 USD. A maximum of 500 tickets will be sold, although the final number of tickets sold may be less. Each ticket shall have a unique number. Any eligible person may purchase more than one ticket. Odds of winning depend on the number of valid tickets sold. The IRS has taken the position that amounts paid for chances in raffles, lotteries, or similar drawings for valuable prizes are not gifts, and consequently do not qualify as deductible charitable contributions. Tickets are not transferable once purchased.

Failure of Payment

If a participant’s payment by check or credit card is declined or payment is dishonored by the bank for any reason, such ticket shall be null and void.

Claiming a Prize  

Winning ticket holders will be notified by phone and/or email at the number or email address provided when purchasing the ticket. Paramount Arts Center shall notify the winner within seven days of the drawing. The winner shall claim the prize within thirty days of the drawing. If the prize is not claimed within such thirty-day period, then the prize shall be forfeited.

Participants may pick up their prize at the Paramount Arts Center, 1300 Winchester Ave., Ashland, KY. 41101. Prizes valued at more than $599 will result in the issuance of tax form W-2G to the winner. For prizes valued at over $4,999, applicable federal and state tax withholdings may be required.