The Herald reports:
However, the Department of Internal Affairs warns that office sweepstake prize money cannot exceed $500 and those who breach the rules could face the long arm of the law.
This means tickets for the 24-horse race can cost no more than $20.83, according to a spokesman.
Any money raised must be returned as prizes and no one is allowed to profit from organising the sweepstake.
Violating these regulations could incur a fine of up to $1000.
So a $21 dollar per horse sweepstake is illegal! DIA has no choice but to enforce the law, but it shows why we need wide-spread reform of our Victorian era gambling laws. The TAB should not have a sports betting monopoly for a start.