Transcript Raffles - North American Bowhunting Coalition
Raffles
Making Money With Raffles
What You Need To Consider
M ost raffles are considered gambling and are governed by fairly precise state and provincial laws Find out the laws in your state or province before you start your raffle
Items regulated may include
Value of Prize Numbered tickets Prize disclosure and details explained Length of contest Bookkeeping requirements Length of time you must keep records Who you can sell tickets to Whether you need a gambling license or permit
Decision(s) To Make On Your Raffle
How long will it run?
One day, one Month, one year Until so many tickets are sold At the end of an event Number of prizes One grand prize First, Second, Third and so on Value of prizes
How many tickets will you print Unlimited VS A limited set number How will tickets be purchased?
On line, at an event, by mail How much do you want to make?
What will you print on your tickets Number, prize detail, where to mail tickets What will be the value of each ticket Where will you purchase merchandise Retail, Wholesale, Donations, discounts
Will You Have a “Sponsor”?
What will they pay for?
What will they want in return?
Most likely advertising
Newsletter, flyers, website
Sponsors
Companies that may donate gift cards and merchandise in exchange for advertising You will need to keep your advertising commitments and follow up with a thank you letter
Who Will Keep Track of Tickets Sold?
Should have centralized record keeping Very important in long duration raffles, large number of raffle tickets, and multiple raffle ticket sale sources.
Choosing The Prizes
Items that appeal to a broad range of people will attract more entries.
People like big prizes worth large dollar amounts (that’s why raffles are gambling) People also like multiple chances to win People often equate value of an item as important as the item itself Your prizes need to be quality items, not something a merchant could not sell
Where Do You Get Prizes?
Donations Wholesale items Special purchase programs for non Profits Examples in hunting merchandise Bows, Mathews, Hoyt, Bowtec, PSE Merchandise, Primos, Brunton, Steiner,Montana Decoy and many more.
Gift Certificates
Case Study 1
Bow Raffle for 2 Sportsman shows
Bow Mathews Outback
Overhead
Cost $350.00 (Value 700.00) Printing of 300 Raffle tickets (50.00) Tickets sold 300 X 5.00 per ticket= $1,500
Profit $1,100.00
Marketing
Large sign in booth with lettering that can be read by person walking by the booth Bow hanging on post in front of booth so ticket buyers can handle it.
Passing out flyers at other booths advertising the bow raffle
Post Raffle
Take picture of winner and put in newsletter Keep all raffle tickets for 3 years Thank Mathews for the discount bow and send copy of newsletter story about winner and Mathews bow.
Case Study 2
Alberta Bowhunters Association 3rd Annual Spring Fever Raffle
Drawing to be held at the ABA banquet
Overhead
Cost of prizes and tickets Apx. 1,750.00
( Retail value of 5 prizes $7,000)
Sponsor paid for grand prize (3,700) Other items were donated or purchased at discount
Cost of raffle tickets $5.00 X 2,000 (limit) = 10,000 Expected profit $8,350.00
Duration of contest - 5 months Marketing Emails, Information poster, Banquet event, open to non members, mail outs
Case Study 3
Coin Raffle
Often used at banquets Same day drawing Usually for one item Prize should be coveted by most people at event
Prize
Steiner binoculars (Retail $900.00) Overhead Cost of binoculars $500.00
Cost of logo wood discs 25.00
Coin value $15.00 X 100 = $1,500 Expected profit 975.00
Pitfalls
Not enough marketing Not enough value or quality in prize Prizes not desired by many people Eg. A low end off brand bow Violations in state or provincial gambling laws Bad bookkeeping Not thanking donor or doing promised Advertising (loss of a future donor)
Precautions
Get a written agreement for any merchandise you do not have in hand Includes hunts, promised items and services Have a substitution clause in case prize is not available Especially in long running raffles
Be as detailed as possible in describing exactly what the person will win This is especially true when you are raffling hunts and services Good idea to limit time period for raffle Insures that prizes will still be available Match your raffle to the size of your group
Raffles can be your main fund raiser or they can supplement existing fundraisers.