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Has anyone ever Conducted a Raffle before

H

hevnsnt

Lifer
Are there any kind of tax laws or anything that I should be aware of before I start thinking about this?

This is all Hypothetical right now
I am thinking of having a raffle on my website for a Alienware Laptop.. $25 per ticket with a limit of how many tickets would be sold. A certain amount of tickets must be sold in order for raffle to take place (to cover cost of laptop)

Anyone have any thoughts about this?
 
Originally posted by: CheapArse
A couple guys set up a raffle to help Tony but it was for donation so I dunno if they even checked the tax laws...
Click to expand...

Nope. Everything was done strictly on a donation basis.
 
Originally posted by: hevnsnt
Are there any kind of tax laws or anything that I should be aware of before I start thinking about this?

This is all Hypothetical right now
I am thinking of having a raffle on my website for a Alienware Laptop.. $25 per ticket with a limit of how many tickets would be sold. A certain amount of tickets must be sold in order for raffle to take place (to cover cost of laptop)

Anyone have any thoughts about this?
Click to expand...

I think, that in most cases, you cannot call it a raffle unless you are a non profit or somethign, has to do with taxes like you said. Call it a silent auction or something, or a 'donation' with a chance to win "this fabulous prize."
 
Yeah but a silent auction would collect $$ from only one person.. Maybe the donation route is how I should go
 
I think that you will have a very hard time doing it online IMHO. People are hard enough to get to buy raffle tickets when they know it's for a legit cause.

 
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