Legal Definitions - raffle

Raffle

A raffle is a type of lottery or game of chance where participants purchase tickets or entries for an opportunity to win a specific prize. The winner is determined by a random drawing from all the purchased entries.

• Example 1: Charity Fundraiser
  A local animal shelter hosts an annual fundraiser where attendees can purchase tickets for $5 each. Each ticket represents a chance to win a luxury weekend getaway package, with the winning ticket drawn at random at the end of the evening.
  This illustrates a raffle because participants actively purchase chances (the $5 tickets) for the opportunity to win a specific prize (the luxury getaway), and the outcome is determined by chance.
• Example 2: Community Project
  A neighborhood association organizes a raffle to raise money for new playground equipment. Residents can buy raffle tickets for $10 each, with the grand prize being a brand new bicycle.
  This demonstrates a raffle as residents buy tickets, which are their chances, with the hope of winning a prize (the bicycle), thereby contributing to a cause while participating in a game of chance.
• Example 3: Business Promotion
  A local electronics store holds a promotional event where customers can buy raffle tickets for $10 each for a chance to win a new flat-screen television. The store aims to generate excitement and foot traffic.
  Here, customers purchase tickets (their chances) to potentially win a prize (the flat-screen television), which is a clear application of a raffle in a commercial context.