50/50 Raffle Fundraisers Explained

11/4/2021

Raffles are the quickest and most straightforward way to raise money for a cause. However, with a traditional raffle, there is the matter of sourcing raffle prizes which isn’t always easy. So, if you’d rather skip sourcing prizes, a 50/50 raffle fundraiser is for you! 

How does a 50/50 Raffle Drawing Work?

In a 50/50 raffle fundraiser, the winning ticket holder receives a cash prize. Wondering where that prize money comes from? You’ll be relieved to know it’s not your wallet (unless you want to contribute to the jackpot, of course!). 

  1. The prize money is typically half the net proceeds of raffle ticket sales, so the more tickets you sell, the larger the prize will be. This aspect can be an effective way to incentivize ticket purchases, especially if you offer more chances to win for more money spent. For example, you could offer one ticket for $5 or five tickets for $20 (a better value). If your sales exceed expectations, that’s fantastic!
  2. A 50/50 raffle isn’t as big an earner as a traditional raffle. This is because the money earned from ticket sales is split equally between the lucky winner and your cause. However, a 50/50 raffle’s return on investment is terrific—the purchase of printed raffle tickets is your only overhead (and even that can be offset if you get a sponsor to advertise on the back!). Additionally, it takes far less time and effort and fewer people to put a 50/50 raffle together. 
  3. Though not expected, the prize winner of 50/50 raffles will often donate their prize (or a portion) back to the cause.

How much should I charge for a 50/50 raffle?

Typically, the ticket purchase price is between $1 and $ 10.  The ticket fee for your specific fundraiser depends on your target audience and how many tickets you think you can sell. 

Assume, for example, that you are raising funds for a sports team. In that case, you’ll likely be able to sell tickets to most of the kids’ parents and immediate family members. Additionally, you can count on parents utilizing their personal networks to produce even more ticket sales. Ask yourself how many people that is and how much they’d spend for a raffle ticket, and use the answers to set a price that will create an enticing cash raffle prize. Remember, half the proceeds go to the winner, while the other half goes toward your cause. Go too low with your ticket price and the prize may not be flashy enough; go too high and you might not sell as many tickets! 

Tips for a 50/50 Raffle

  1. Use a fundraising platform like Eventgroove! You’ll be able to build a professional-looking fundraising page and accept ticket sales via credit card wherever you are, right from your device. You can also host online raffles!
  2. Make sure the official rules for your 50/50 raffle fundraiser are clear and easily accessible, such as on a fundraising page. Include the site address on the raffle ticket or add a QR code that directs people to your fundraising site. 
  3. Online raffles are great! You can share the page all over your social media networks. When you sell raffle tickets online and in person, you’ll cast a wide net, resulting in more sales. Plus, our online fundraising platform is free for organizers! However, before adding an online component to your 50/50 raffle, make sure doing so is legal in your state—you can do so by checking our handy U.S. raffle law guide
  4. Keep ticket sellers apprised of the cash prize amount as it grows. Publicize the evolving prize amount on your fundraising page and social media networks. Doing so will inspire even more ticket sales! 
  5. When choosing the winning raffle ticket, display all the tickets in a clear plastic jug or fishbowl and reach into the bowl with panache! In other words, make the prize drawing as exciting as possible. It’s also an excellent idea to livestream or use Facebook/Instagram Live to broadcast the moment the winning ticket number is chosen. After the event, share a picture announcing the raffle winner on your social media networks (ask their permission first!).

What You’ll Need

  1. Again, it’s essential to make sure everything is legal by reviewing your state’s raffle laws. Don’t forget to check the laws regarding promoting your raffle using social media sites such as Facebook and selling raffle tickets online.
  2. Printed raffle tickets! Professional-looking, custom-printed raffle tickets lend legitimacy to your fundraising efforts and thus aid ticket sales. We have a wide selection of 50/50 raffle ticket templates, all of which take minutes to customize. Plus, our raffle ticket printing is low cost and super fast—turnaround is one business day, and satisfaction with your order is guaranteed. Check out our cash raffle ticket templates here
  3. Consider double-roll raffle tickets (also known as cloakroom tickets) only if you’re running a 50/50 raffle within a larger event such as a fundraising gala or school carnival. The reason roll tickets are better used only within an event is that roll tickets do not have space for participants to fill out their contact information. The only thing connecting a person to the winning ticket is the number printed on their stub, meaning the ticket holder must be present when the winning number is announced. Otherwise, there’s no way to get a hold of them to tell them they’ve won!

For more raffle fundraiser tips, such as how to ask local businesses to donate prizes and how much to charge for your raffle tickets, browse our blog! If you’re ready to shop for printed 50/50 raffle tickets or launch an online raffle, click one of the buttons below. 


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