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lottery & raffles...

Topic closed. 5 replies. Last post 11 years ago by justxploring.

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Honduras
Member #20982
August 29, 2005
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Posted: May 23, 2006, 12:40 pm - IP Logged

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

    savagegoose's avatar - ProfilePho
    adelaide sa
    Australia
    Member #37136
    April 11, 2006
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    Posted: May 23, 2006, 4:25 pm - IP Logged

    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. 


      United States
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      June 5, 2002
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      Posted: June 19, 2006, 5:46 pm - IP Logged

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

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        New Mexico
        United States
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        March 10, 2005
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        Posted: June 19, 2006, 6:16 pm - IP Logged

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

        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, but odds are nobody will. 

        "As for how much might be won, that's a tricky question.  We'll give you an answer, but you'd want to know a lot more before it would be true. 

        "The simple answer is a short term lie, a long term truth, sort of."

         

        Absorb the good, ignore the bad, weigh the ugly.

        It's about number behavior.

        Egos don't count.

         

        Dedicated to the memory of Big Loooser

         

          csfb's avatar - Lottery-001.jpg

          United States
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          May 13, 2005
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          Posted: June 19, 2006, 9:48 pm - IP Logged

          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.

                   Sun Smiley             

            justxploring's avatar - villiarna
            Wandering Aimlessly
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            November 5, 2005
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            Posted: June 19, 2006, 10:59 pm - IP Logged

            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've read about raffles where the grand prize is a mansion.  Wasn't there a Million Dollar raffle on New Year's Eve?  I also think of a raffle as a one time occurrence for a particular prize and a lottery as an ongoing game.