The conducting of raffles is subject to the following restrictions:
(A) The entire net proceeds of any raffle must be exclusively devoted to the lawful purposes of the organization permitted to conduct that game.
(B) No person except a bona fide member of the sponsoring organization may participate in the management or operation of the raffle.
(C) No person may receive any remuneration or profit for participating in the management or operation of the raffle.
(D) A licensee may rent a premises on which to determine a winning chance or chances in a raffle only from an organization which has also been licensed under this Article.
(E) Raffle chances may be sold or issued only at the locations specified on the license, and winning chances may be determined only at those locations specified on the license.
(F) A person under the age of eighteen (18) years may participate in the conducting of raffles or chances only with the permission of a parent or guardian. A person under the age of eighteen (18) years may be within the area where winning chances are being determined only when accompanied by his parent or guardian.