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Old 02-25-2016, 09:17 AM
  #8  
Jeanne S
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Join Date: Oct 2013
Location: Tulsa, Ok
Posts: 4,582
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A raffle is a common method used in the U.S. for nonprofit organizations (charities) to raise money for their cause. The "prize" can be anything, goods or services (a quilt for purposes of this discussion". The organization sells tickets, or chances to win the prize, each one with a number on it. On a set date, there is a drawing, the winning number is randomly selected, and whoever bought the ticket with the winning number wins the prize/quilt. The more tickets they sell, the more money they make. This method may generate more or less than the prize is worth, it all depends upon how many tickets are sold. For example, a quilt sold in an auction may raise $200 but in a raffle if 1,000 $1.00 tickets are sold the charity gets $1,000 for the quilt. Raffles are a form of gambling, just like buying lottery tickets.
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