THE MEANING OF BLUE AROUND THE GLOBE. 1  In Chinese culture, colors corresponded with the five primary elements, the directions, and the four seasons. Blue was associated with wood, east, and spring. 2  Blue, blue-green, and green are sacred colors in Iran, where they symbolize paradise.
You do need a lottery operating licence if your lottery (raffle) sells over Â£20,000 of lottery tickets in a single draw or Â£250,000 of lottery tickets in a calendar year. Find out which type of operating licence you need, and how to apply.
You are correct that the exempt organization is not required to report the $5,000 raffle prize winnings. This is because they do not meet the dual requirement of the prize being $600 or more and the payout being at least 300 times the amount of the ticket. If your share of the winnings is $200, then that is the amount you will include on your tax return as âother income.â The other people are responsible for reporting their own winnings.