Raffle questions

[Addicting]

@Oak @brocksw @Big Fin @magnum44270 or anybody with experience in the raffle world.

Our HS band was selected to perform at Disney next year. Being the dutiful parent, I am now attending the Band boosters meeting to fund raise.

I’m aware each state has different rules on raffles and I am reading up on Michigan’s.

But what are the pro tips you can impart on me from your experiences running raffles?

We are thinking starting small and doing a beef. Selling this fall a drawing at home coming this September. 2 winners, half a side each, $20 a ticket 500 tickets? Would hate to sell out, think we can possibly do 1000.

I have a processor who will give a cut rate for sponsorship. We have a local livestock auction to buy it from. Figure less than 4K invested on our side.

Would lobby to do something hunting but there is major hurdles with that and school board.

 

[Treeshark]

In my experience with youth sports raffles, cash tag raffles are the easiest to sell and easiest to administer. Each kid gets ten cards (more if they can sell them), $10 each card. It’s usually good for $7-8k net to the team. Weekly drawing of varying amounts.

The one law we have here (not sure about Michigan) is that participation cannot be mandatory- but everyone does anyway.

 

[Big Fin]

Michigan requires you get a raffle license from your Gaming Board.

Your state does not allow the sale of online raffle tickets. Must be sold in-person.

Must be sponsored by a non-profit. Make sure your school is the sponsor, unless your booster club is a qualified non-profit.

If you do it as a sweepstakes the rules are far easier. The biggest difference is a sweepstakes requires an “alternative means of entry” and the alternative method must be free.

 

[Addicting]

Michigan requires you get a raffle license from your Gaming Board.

Your state does not allow the sale of online raffle tickets. Must be sold in-person.

Must be sponsored by a non-profit. Make sure your school is the sponsor, unless your booster club is a qualified non-profit.

If you do it as a sweepstakes the rules are far easier. The biggest difference is a sweepstakes requires an “alternative means of entry” and the alternative method must be free.

I was tracking that, the license takes about 8 weeks to get. The boosters is a 501-3c so we are covered there.

One opinion tonight was to limit the tickets to make it more attractive. But I think we can easily sell more especially for kids fund raising.

Is there a rule of thumb for cost to revenue generated on raffles?

 

[Addicting]

If you do it as a sweepstakes the rules are far easier. The biggest difference is a sweepstakes requires an “alternative means of entry” and the alternative method must be free.

I seem to remember Matthew hating the alternative entries recently. I think we will be sticking with a raffle.

 

[CT_SD]

Beef prices are at record highs. Currently trading around $4/# hanging weight. Add in something for processing and you might be over your $4k estimate on a fat calf.