lottery & raffles...

Reply #5

justxploring — Tue, 20 Jun 2006 02:59:18 GMT

I do see many similarities between the 2 terms and feel they are almost synonymous. The more tickets you buy, the better the odds. Each ticket has a set price (usually a dollar) and the drawing for the prize is on a pre-determined date. There are probably guildelines set by the IRS on what is considered to be a raffle or lottery, but I don't really see much of a difference. They are both games of chance, but a raffle is usually for charity and tickets are sold on a smaller scale. However, I... [ More ]

Reply #4

csfb — Tue, 20 Jun 2006 01:48:44 GMT

What's the difference between raffles and lotteries?

Well, Pumpi76, among other things, they're governed by different rules and regulations. Raffles are overseered by the attorney general's office; and lotteries, by a commission formed by the state legislature.

Reply #3

Rip Snorter — Mon, 19 Jun 2006 22:16:23 GMT

When you buy a raffle ticket you first ask,

Who's going to win?

Then you decide whether you're willing to give a buck to contribute to the sick person or charity organization the raffle's being held to raise money for.

And you decide whether the person who's going to win is someone you can live with yourself having contributed to.

When you buy a lottery ticket you might well ask,

Who's going to win, and how much.

They'll answer,

We don't know who's going to win, bu... [ More ]

Reply #2

CASH Only — Mon, 19 Jun 2006 21:46:57 GMT

NY should try a raffle game. As long as the payout is higher than 40%.

Reply #1

savagegoose — Tue, 23 May 2006 20:25:21 GMT

raffle sells a set number of tickets for a stated prize, a lottery like powerball, there is no defined prized before the tickets are sold.

also no defined sale of ticket numbers for a lottery.

lottery & raffles...

pumpi76 — Tue, 23 May 2006 16:40:46 GMT

guys, what's the difference between raffles and lotteries? Isn't a raffle a lottery