Cardinals Care 50/50 Raffle | St. Louis Cardinals (2024)

FAQs

Are 50/50 raffles worth it? ›

Since the money raised is split between the winner and your cause, a 50/50 raffle might not raise as much as a traditional raffle. But the ROI (return on investment) is off the charts. Printed raffle tickets are your only cost, but you can even offset that by lining up a sponsor to advertise on the back.

At every Cardinals home game, Cardinals Charities selects a different beneficiary for the 50/50 raffle held in-stadium. Half of the total funds raised benefit the various local organizations selected through Cardinals Charities while the other half goes to a lucky winner.

50:50 raffle tickets

The typical raffle ticket price for common events is $1, but $5 or $10 are also used. You can also offer some kind of discount – for example, if the price for one is $1, the price for 12 tickets could be $10. The raffle ticket price should be fixed – the same for all people.

50/50 raffles are similar to other raffles, except that half of the amount raised with ticket sales during these raffles goes to the nonprofit, and the other half goes to the raffle winner. It is an easy way for nonprofits to raise funds during fundraising events and on their own.

Participants purchase any amount of tickets they wish for a chance to win half of the total proceeds. The more tickets they buy, the greater their chances of winning. For example, if tickets cost $5 and 1,000 tickets are sold, the sales amount to $5,000. The winner of the raffle would receive a cash prize of $2,500.

Probability: divide chances of winning by the total number of chances available . For example, if you buy one ticket for a raffle with 100 tickets sold, you have one possible chance at a win, with 100 possible chances overall. Your probability of winning is 1/100.

Back in 2020, the Edmonton Oilers Community Foundation was able to build up an incredible jackpot of $14.3 million, which broke world records.

Reverse Raffle

Unlike the 50/50 raffle, players know the amount of the prize before the game begins, which is half the appeal. The winner of this raffle is not the number called. Instead, the winner is the last one left whose ticket number was not called.

Money spent on fundraisers such as bingo games or raffles are not deductible. Cash donations without a receipt cannot be deducted. Cash donations greater than $250 must also be documented with a letter from the organization. Non-cash donations also need supporting records.

How much money can you make from a raffle? ›

State law does not specify any limits on the value of raffle prizes.

Raffles are considered a game of chance. Thus, selling and purchasing raffle tickets is a gambling activity—even for charitable purposes. In the United States, the laws regulating raffles and raffle ticket sales are administered by state and county governments.

In the case of a 50-50 fundraising raffle, the prize is 50% of the money taken in through raffle ticket sales. The other 50% is retained by the nonprofit organization or charity holding the raffle. Hence the name, 50/50 raffle fundraiser.

Raffles are chance-based contests in which participants compete to win exciting prizes. All you need to participate is a ticket with a number on it. After all the tickets are sold, a drawing is held during which tickets are randomly selected. If you happen to have the lucky ticket, then you get the prize!

The key difference between a raffle and an opportunity drawing is that an opportunity drawing does not require payment to participate, while a raffle typically does. Therefore, the main distinction lies in the necessity of payment for participation.

Raffles are a fantastic way to add excitement to your next event or fundraiser. Everyone loves a game of chance, and raffles are great for incentivizing more ticket sales – resulting in more funds to support your important work.

A 50/50 raffle is much like other raffles; participants buy a ticket for a chance to win a prize if their name or ticket is drawn. The primary difference between a traditional raffle and a 50/50 raffle is that the prize that will be won in a 50/50 raffle is simply half of the money that was raised by selling tickets.

Back in 2020, the Edmonton Oilers Community Foundation was able to build up an incredible jackpot of $14.3 million, which broke world records. The winning number from the #Oilers online 50/50 raffle on Aug.