Well I would have to ask how long are you going to sell tickets before you pick the winning number? I just completed a county-wide raffle and sold tickets from May for a King size. I sold tickets until I raffled it in August and made over $1300. But I made a wall-hanging size quilt for a raffle that was displayed and the winning ticket picked all in one weekend. I am pretty sure that they made $250. For all the raffles done in our community, they are normally sold for $1.00 or 6 for $5.00
Every year a group make a quilt to raffle for $ to support paying postage for sending items to the troops. She sells tickets for about 3/4 months and makes about $900.00.