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Offlineimachavel
I loved and lost but I loved-ftw
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Registered: 06/06/07
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thought of a really cool business opportunity involving raffle
    #18777220 - 08/30/13 12:52 PM (10 years, 4 months ago)

I wouldnt imagine doing this any time soon, Im actually moving to a different state to work. But in the future, as a retirement possibility. I actually got this idea from the lotto, although its a lot smaller reward, but the pay off is much more often:

Instead of a casino, you create a small raffle that people only play every three weeks. $18 a raffle ticket, and only 2000 people can get a raffle once every three weeks. Winner out of 2000 people takes home $10,000. And $18x2000-$10,000 every three weeks, well you do the math.

Now obviously this idea would require a very public place with lots of people to hold the raffle, and would want a cut of the profit. The cool aspect of this:

Low buy in (no one gambles their house etc.) and constant pay offs so there isnt a SUPER large volume of people saying its fraud, every 3 weeks someone wins $10k. Would the marketing aspect of this be extremely un relative in expenses to the profits? Do Casinos and lottery pretty much put small gambling rackets out of business?

Discuss!


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Edited by imachavel (08/30/13 12:52 PM)


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Offlineimachavel
I loved and lost but I loved-ftw
Male User Gallery


Registered: 06/06/07
Posts: 31,375
Loc: You get banned for saying that Flag
Last seen: 13 hours, 31 minutes
Re: thought of a really cool business opportunity involving raffle [Re: imachavel]
    #18778277 - 08/30/13 04:44 PM (10 years, 4 months ago)

Lol I dont know much about regulations with this shit. Only possible in Nevada or Atlantic city or if you are an indian?


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:kingcrankey: I did not say to edit my signature soulidarity! Now forever I will never remember what I said about understanding the secrets of the universe by paying attention to subtleties!

:facepalm: I'm never giving you the password again. Jerk


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Offlinepsyconaught
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Posts: 6,100
Last seen: 7 years, 2 months
Re: thought of a really cool business opportunity involving raffle [Re: imachavel]
    #18800491 - 09/04/13 06:46 PM (10 years, 4 months ago)

i would imagine this would fall under gambling regulations for whatever state your in. Unless you get a good lawyer and structure it in such a way as to find a loophole


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