Amends GS 14-309.15 (pertaining to when real property is offered as a prize in a raffle) to increase the total allowable appraised value of all real estate prizes offered by any nonprofit organization for raffle from $500,000 to $2 million in a calendar year. Deletes provision limiting the value of any real property prize offered for any one raffle to $500,000. Applies to raffles conducted on or after the act becomes law.