Can't offer an opinion as to which method raises more $$ but as to raffle licenses, yes, they are required here in NJ as well. In fact, we have to get the license from the state - which really isn't that difficult once you wade through the instructions of what they want - but once that is in hand, we also have to get a permit from our local municipality. Again, not difficult but their process entails that activity go before the local board of governors to 'approve' the raffle in our town as well. We've never been turned down by either authority it's just the required hooped that need to be jumped through, lol. And the licensing isn't particularly expensive but there are (state & local) costs involved.