Cardinals Care 50 50 Raffle Winning Numbers (2024)

FAQs

Are 50 50 raffles successful? ›

A 50/50 raffle is a really effective, efficient, low-resource way to reach your fundraising goal and stir up excitement and awareness for your cause. Just remember to review your local laws as they pertain to your fundraiser and prepare well, and you'll be on your way to a successful event.

Participants purchase any amount of tickets they wish for a chance to win half of the total proceeds. The more tickets they buy, the greater their chances of winning. For example, if tickets cost $5 and 1,000 tickets are sold, the sales amount to $5,000. The winner of the raffle would receive a cash prize of $2,500.

At every Cardinals home game, the 50/50 raffle held in-stadium will benefit Cardinals Charities. Founded in 1990, Cardinals Charities supports programs designed to improve the quality of life and enhance opportunities for children, women, and minorities in the state of Arizona.

A 50/50 RAFFLE is a raffle where the prize to the winning ticket holder is one-half (or 50%) of the gross receipts generated from the sale of raffle tickets at a single Rams game. The remaining one-half (or 50%) of the gross receipts is retained by the Foundation to benefit or support its charitable purposes.

In a 50/50 game, where the probability of winning is 50%, each individual outcome is independent of the others. Therefore, the probability of winning 9 times in a row in 10 games is calculated by raising the probability of winning (0.5) to the power of the number of consecutive wins. 0.001953125, or about 0.1953%.

To improve your odds, buy as many tickets as you can. Pick lotteries with a low ticket cost and frequent drawings, such as those that have drawings one or two times a week. You can also try joining a pool where lots of people chip in on tickets, then share the jackpot if someone wins.

Probability: divide chances of winning by the total number of chances available . For example, if you buy one ticket for a raffle with 100 tickets sold, you have one possible chance at a win, with 100 possible chances overall. Your probability of winning is 1/100.

50:50 raffle tickets

The typical raffle ticket price for common events is $1, but $5 or $10 are also used. You can also offer some kind of discount – for example, if the price for one is $1, the price for 12 tickets could be $10. The raffle ticket price should be fixed – the same for all people.

Reverse Raffle

Unlike the 50/50 raffle, players know the amount of the prize before the game begins, which is half the appeal. The winner of this raffle is not the number called. Instead, the winner is the last one left whose ticket number was not called.

For example, in the state of California, 50/50 raffle winnings are considered to be tax-free if the total value of the winnings does not exceed $250. If exceed threshold, subject and income taxes.

Can you write off 50-50 raffle? ›

The truth: You can only deduct the amount you paid above fair market value for events. Raffle or lottery ticket purchases don't qualify for a deduction.

In the case of a 50-50 fundraising raffle, the prize is 50% of the money taken in through raffle ticket sales. The other 50% is retained by the nonprofit organization or charity holding the raffle. Hence the name, 50/50 raffle fundraiser.

50:50 raffle tickets

The typical raffle ticket price for common events is $1, but $5 or $10 are also used. You can also offer some kind of discount – for example, if the price for one is $1, the price for 12 tickets could be $10. The raffle ticket price should be fixed – the same for all people.

Regular Gambling Withholding: An organization that pays raffle prizes must withhold 25% from the winnings and report this amount to the IRS on Form W-2G. This regular gambling withholding applies to winnings of more than $5,000. If the organization fails to withhold correctly, it is liable for the tax.

The truth: You can only deduct the amount you paid above fair market value for events. Raffle or lottery ticket purchases don't qualify for a deduction.

Raffles can be a profitable and exciting fundraiser for nonprofits seeking to raise money for their cause. Raffles are considered games of chance, meaning participants pay money for a chance to win a prize. Games of chance can be considered lotteries and are heavily regulated in many states as a form of gambling.