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Hay River town council chasing the ace with bylaw amendment

Chase the Ace fever has got northerners from Hay River and parts of Yellowknife lining up to cash in on the raffle – including their own town council.

On Monday, Hay River town council held a meeting to discuss whether to change their bylaws surrounding raffle earnings.

The current system earns the town a flat fee of $1,550 for raffles that offer prizes over $20,000.

But a proposed amendment would see the town take five per cent of the total prize – meaning games like Hay River’s current one could earn the town a whopping $10,000.

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Though in this case it’s a small portion from a large pot, concerns have been raised that the change could end up costing smaller businesses.

If a business were to spend a lot of money organizing a raffle, the five per cent cut the town would take under a new bylaw could mean businesses would be paying the town rather than receiving any profits.

The town’s administration and finance committees are currently discussing the amendment.

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