Thursday, August 18, 2011

Raffles

I wanted to address an issue I've been seeing for quite some time on many business pages. It's the topic of raffles. According to wikipedia, a raffle is a competition in which people obtain numbered tickets, each ticket having the chance of winning a prize. At a set time, the winners are drawn from a container holding a copy of every number. The drawn tickets are checked against a collection of prizes with numbers attached to them, and the holder of the ticket wins the prize.

Originating in southern Italy, the raffle is a popular game in numerous countries and is often held to raise funds for a specific charity or event.

Holding a raffle is illegal in much of the United States, although many jurisdictions make an exception for raffles in which proceeds go to charity. However, many US lotteries have offered occasional raffle-style drawing games since the mid-2000s, namely players being able to send in losing lottery tickets in order to be raffled for special prizes. Many states have rules regarding registration of the event even if it is held for the benefit of a charity.

The key element in a raffle is the exchange of money for a ticket (chance at winning). This is considered gambling in many jurisdictions and is illegal in many areas without prior approval.

If you plan to hold a raffle, it is important that you follow the proper procedure in your state. You can find information regarding your states rules at http://rafflefaq.com/united-states-raffle-laws