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Thread: Marvel Universe $100 Raffle
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Old 10-23-2015, 04:27 PM   #9
kylactus
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Join Date: Jan 2013
Location: Rock Island TN,
Posts: 2,429
to do a raffle on a pre set prize with a known value you would have to establish a pre determined percentage of cost per ticket and a pre determined number of tickets to avoid collecting extra cash. you could do an open raffle with unlimited number of tickets, then donate the rest to charity. paying 10$ for a one in ten chance is good, paying 10$ for a one in fifty chance not so much. You could just do the "raffle" for money to be spent on a figure, but if you do that there are league issues for essentially running an unregulated lottery. remember WE WILL ALL GET IN TROUBLE IF ANYONE (including the contest itself) MAKES A PROFIT. Plus you need to have the raffle rules and how the winner will be chosen, published for all contestants to agree to, with a disclaimer, like "by way of participation in this contest you agree to accept all terms and conditions", just to cover your ass. It sucks, but in the world we live in anyone can sue you for anything. We could all just put our collections into a tontine....but I smoke, so that probably wouldn't work out for me.
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