How to Do a National Raffle
A national raffle has the potential to reach more people than a local raffle, allowing you to sell more tickets. If you are raffling off a big prize like a house, car or cruise by offering raffle tickets at the right price, your national raffle can be a success. The cause the raffle is supporting also is important. Some causes generate more concern and donations than others.
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Instructions
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Determine the raffle prize to be awarded to the winner. Also determine if there will be second- and third-place prizes in addition to the grand prize
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Calculate the minimum number of tickets that need to be sold to cover the cost of the prizes. If offering a large grand prize like a home, car, or cruise, consider establishing an alternate prize like raffle money minus the expenses in case the ticket sales do not reach the minimum needed for the large raffle prize.
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Consult a business or non-profit attorney to write up the legal terms and conditions according to your local state laws. The attorney will be knowledgeable on the applicable state laws and regulations for holding a national raffle in your organization's headquarter state.
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Advertise the national raffle. Consider using online, print, radio, and/or television outlets that fit your advertising needs and budget.
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Sell the raffle tickets and hold the raffle on the scheduled and advertised day and time. Some raffles are conducted for a specific time period while other raffles are conducted until a certain number of predetermined raffle tickets have been sold.
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Contact the raffle winners. Distribute the agreed upon prizes.
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Tips & Warnings
Keep accurate records of all raffle ticket sales or hire an experienced bookkeeper or accountant to handle the financial aspects of the national raffle.
Handle the national raffle's profit and taxes appropriately according to IRS regulations.
References
Resources
- Photo Credit cruise ship image by Albert Lozano from Fotolia.com
