50/50 Raffle
A raffle involves many people buying tickets for a chance to win a prize or prizes. In the case of a 50-50 fundraising raffle the prize is 50% of the money taken in by the raffle ticket sales. The other 50% is retained by the nonprofit group holding the raffle. Hence the name, 50-50 raffle fundraiser.
A person can purchase one or more tickets, and each ticket purchased equals one entry in the drawing for a winner. A certain number of tickets are sold or a specified time passes and a single ticket is randomly chosen.
50-50 raffle fundraising tickets are the style of tickets that have two sections that both share a unique serial number. They come on a consecutively numbered double ticket roll. The seller keeps one half and the buyer gets the other half. Tickets can be sold fast because there isn’t any name, address, or phone number to fill out.
They are usually available at local party supply stores and big box office supply stores for under $10 for a roll of 2,000 tickets.
When it’s time to choose a winner. Count all tickets, multiply by the cost for the total sold. The winner will get half this amount. Choose a winning ticket and announce it.