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What is the difference between a raffle and a prize drawing?

A raffle involves purchasing tickets to win prizes, while a prize draw is free to enter. Active Consultancy specialises in managing both types of competitions, ensuring compliance and smooth prize fulfilment. Competitions and giveaways are effective tools for engaging customers and boosting brand loyalty.

What is the rule 506 in Michigan raffle?

Rule 506. (1) All raffle tickets, except those used for in-house raffles, shall contain at a minimum the following information printed in a clear and legible manner: (a) The name of the licensee. (b) The license number. (c) The word raffle. (d) The date, time, and location of the drawing.

Do you need a license to hold a raffle in Michigan?

Almost all raffles need to be licensed. If your organization is holding a 50-50, an event with an admittance/registration fee that includes being entered in a drawing for a door prize, or a drawing for completing something, such as a survey, these are raffles and should be licensed.

How much does a raffle license cost in Michigan?

A qualified organization can apply for a Raffle License. For drawing dates awarding no more than $500 in prizes, the cost is $15 for up to three drawing dates and $5 for every additional date. To be able to award an unlimited amount in prizes, the license will cost $50 per drawing date.

How much do you sell 50/50 raffle tickets for?

What is The Best Price for Raffle Tickets? The magic number for a 50/50 raffle ticket price is typically between $1 and $10. It all depends on who youre selling to and how many raffle tickets you think you can sell. Say youre running a fundraising event for a sports team.

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