You get a roll of raffle tickets from a local party supply shop. These are the style of tickets that have two sections that both share a unique serial number. You sell as many tickets to each person as they want, for a fixed fee. Typical fees are $1, $5, or $10 depending on nature of the organization. You give the participant one half of the ticket and place the other half in a bucket or box. At the end of the event you draw a ticket from the bucket and announce the winner. The prize is the half of the amount collected from ticket sales.
Typically participants have to be present at the time of the drawing to win. If nobody claims the prize when the number is drawn, simply draw another number until somebody wins.
That is all there is to it! Apply this strategy at your next event and see your group get the money you need! Thanks for reading another blog post from your credit union.