Eddie

50/50 Raffles: A Win-Win Fundraising Solution

Are you looking for an easy, effective fundraising option? Consider the 50/50 raffle format – a simple and increasingly popular choice. Let's explore why this might be the perfect solution for your organization.

What is a 50/50 Raffle?

A 50/50 raffle is straightforward: one lucky winner takes home 50% of the total raffle proceeds in cash, up to a predetermined maximum value.

**Important Note**: In Victoria, cash prizes are prohibited, making 50/50 raffles not possible in this state.

Prize Structure and Permit Considerations

To avoid triggering permit requirements, you should set a maximum prize value based on your state's regulations. The actual prize will be 50% of total proceeds or the maximum value, whichever is lower. Some raffles also offer a minimum prize value, but this is optional.

Here are examples of maximum prize values to avoid permit requirements:

• South Australia (SA): $2,500
• Queensland (QLD): $25,000 (to keep total proceeds under $50,000)
• New South Wales (NSW): $15,000
• Australian Capital Territory (ACT): $2,500
• Northern Territory (NT): $2,500
• Western Australia (WA): $100

Why Choose a 50/50 Raffle?

1. **Quick to Launch**: No need to source prizes, allowing for a faster setup
2. **Universal Appeal**: Cash prizes attract a wide range of participants.
3. **Database Growth**: Great opportunity to expand your charity's contact list.
4. **Flexibility**: Can be conducted at events or overextended periods.

Regulatory Considerations

While 50/50 raffles are versatile, it's crucial to be aware of local regulations:

•  Permits may be required based on prize value or total ticket sales.
• Cash prizes prohibited in VICTORIA (consider store gift cards)

 **Pro Tip**: Structure your raffle to avoid permit requirements where possible. RaffleLink can provide guidance on this.

Success Stories

Youth Off The Streets

- Raised $9,020 in just one month

- Minimal management required

- No upfront prize investment

- Subsequent raffles raised over $30,000

Ricky Richards for Melanoma Institute of Australia

- 200 tickets at $100 each

- Winner guaranteed $10,000

- Sold out in 10 weeks

- Total raised: $20,000

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50/50 raffles offer a unique blend of simplicity and effectiveness. They're easy to set up, appealing to participants, and can be highly profitable for your cause.

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See our user guide on how to set one up!