A. Notwithstanding any provision of law to the contrary, there shall be a limited raffle license for certain raffle games. The office shall promulgate rules relative to the issuance of such limited raffle licenses which shall include but not be limited to licensing fees and reporting requirements. The provisions of R.S. 4:705(2)(c) and 714(F)(1) shall not apply to any limited raffle license issued pursuant to the provisions of this Section.
B. The raffle games to which this Section applies shall include only single games as defined in R.S. 4:707(A)(1) and have a prize value which shall not exceed ten thousand dollars.