Ben, you're going to have to take that race from my cold, dead, hands. Be ready for 4:10 to win. That's been roughly the time every year.
Also, I think everybody is missing the point here: it's a raffle. It is NOT prize money. If it were prize money, then he falls into the >$5,000 and can't award it to amateurs. It's like the races that raffle off a bike or other big ticket items (I won a Computrainer back in 2007 from Mid-Atlantic Multisport Series in Delaware). It could, if it wanted to, give away one million dollars to a raffle winner and not have to worry about a thing outside of taxes.
Also, I think everybody is missing the point here: it's a raffle. It is NOT prize money. If it were prize money, then he falls into the >$5,000 and can't award it to amateurs. It's like the races that raffle off a bike or other big ticket items (I won a Computrainer back in 2007 from Mid-Atlantic Multisport Series in Delaware). It could, if it wanted to, give away one million dollars to a raffle winner and not have to worry about a thing outside of taxes.