PRA Gyro Raffle!

Gyro Technic

Manufacturer
Joined
Jan 4, 2018
Messages
183
Location
Kasota, MN
Aircraft
Gyro Technic GT-VX1 & GT-VX2
The PRA is raffling off a beautiful Dominator Gyro, with enclosed trailer!
Ticket sales start at Convention which is less than 2 weeks away!
Continuing ticket sales after the convention to be announced.
Now is your chance to help support the PRA and a chance to win a beautiful aircraft!

PRA Gyro Raffle!
 
That's a price for sure. Can board members buy tickets :)
 
In order to assure PRA does not have to file a W-2G = Report the winnings the ticket price needs to be calculated to be less that 300 times the appraised value of the prize.

If you appraised (by searching and saving a copy of the same model Advertisements) the Dominator at $20K value.
1) the ticket price must be less than $600.
2) The ticket price must be less than 300 times the actual value of the prize.

To not report it. Divide the 20K value by 300 and subtract at least a dollar to calculate the ticket price.
20,000/300 = 66.66666666666667.
Make the ticket price 65.00 or less and PRA does have to report the winner.

The actual code:
Reporting Raffle Prizes
“Raffle” Defined: In general, a raffle is considered a form of lottery. As such, a raffle generally refers to a method for the
distribution of prizes among persons who have paid for a chance to win such prizes, usually determined by the numbers, or
symbols, on tickets drawn.
Generally, an exempt organization must report raffle prizes if (a) the amount paid reduced, at the exempt organization’s option, by
the wager (the amount a person paid for the chance to win a prize), is $600 or more; and (b) the payout is at least 300 times the
amount of the wager. The organization uses Form W-2G for this report.
 
Last edited:
Make sure someone files this year's gaming license forms 2 weeks before the convention.
 
The PRA is raffling off a beautiful Dominator Gyro, with enclosed trailer!
Ticket sales start at Convention which is less than 2 weeks away!
Continuing ticket sales after the convention to be announced.
Now is your chance to help support the PRA and a chance to win a beautiful aircraft!

View attachment 1155373
Questions:
-Does this Dominator have a N#?
-Specs on gearbox ratio?
-Time on Rotax 582 blue head?
-Size/Make of prop (Looks to be a Warp Drive)?
-Size of Razor blades?
-Fuel tank capacity?
-Is the tall tail the taller one offered by RFD, or the smaller?
-Is that one of those EIS mounted on the instrument panel?
 
Kevin, did you ever get answers to your good questions?
Do you know the status of the raffle/date of drawing?
 
Date for drawing not set. I'll get answers if I can
 
Getting info,. In the meantime, tall tail is from Gyro Technic.

Bobby
 
Kevin, did you ever get answers to your good questions?
Do you know the status of the raffle/date of drawing?
A few answers. I thought not enough to warrant putting them in writing yet...
I've no idea of when the drawing will occur.
I have purchased some tickets! Took several weeks to receive acknowledgement from Brent Drake, of IN. Figured he does them in batches.
 
Kevin, you are correct. Denis, Gyro Technic, was involved in this and have sent him an email. He's currently attending an LSA Expo but should have some info soon.

Bobby
 
I fully understand that the PRA is run by all volunteer officers.

So, I am always cognizant of how we don't have paid officers, & exercise patience accordingly!
 
Kevin:

Not sure but might be one part time admin person but she does not monitor any of the forums, etc.

Bobby
 
-Does this Dominator have a N#?
NO
-Specs on gearbox ratio?
I think it's 2.62 to 1 but not 100% positive.

-Time on Rotax 582 blue head?
Fairly new but no log books.

-Size/Make of prop (Looks to be a Warp Drive)?
Warp Drive 3 bladed 66"

-Size of Razor blades?
24'

-Fuel tank capacity?
7 gallons

-Is the tall tail the taller one offered by RFD, or the smaller?
Smaller one.

-Is that one of those EIS mounted on the instrument panel?
Yes. An older GRT EIS.

Hope this helps.
 
So, this gyroplane will have to be registered 'Experimental - Exhibition'?
 
Smack,
The intent of the PRA is for the winner to be able to register this as EAB.
Yes, this can be a tricky situation, but it has, and can be done.....
We are prepared to strip this machine down to the kit level, or whatever it takes to satisfy a DAR to approve it as such.
This is going to be a wonderful prize for some lucky winner.
Please work with us, and we will work with you!
Denis
 
Smack,
The intent of the PRA is for the winner to be able to register this as EAB.
Yes, this can be a tricky situation, but it has, and can be done.....
We are prepared to strip this machine down to the kit level, or whatever it takes to satisfy a DAR to approve it as such.
This is going to be a wonderful prize for some lucky winner.
Please work with us, and we will work with you!
Denis
How can I buy tickets? Any idea when the drawing will take place?
 
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