Casino Night Charity
Leica Camera Fotowettbewerb Vienna Fashion Week 18 / Siegerehrung - Not Another Concept Store, 1010 wien, Ringstrassen Galerien (Simona, Georg Marlovics). Charitable Raffles and Casino/Poker Nights The Charitable Raffle Enabling Act (“CREA”), permits 'qualified organizations' to hold up to two raffles per calendar year, with certain specified restrictions. The language of the law is very technical. Our Virtual Casino Events are a perfect opportunity to raise funds a charity or cause of your choice. In these, if a guest runs out of their starter casino chips, they have the option to 'buy back in' with all proceeds going to charity. A Casino Night fundraiser is a popular and profitable way for charitable organizations to raise money. Every successful casino fundraiser has one thing in common - a good turnout. Spend money and your profits will follow. Non-profit organizations especially enjoy a casino model for. We would like to show you a description here but the site won’t allow us.
- Charity Casino Night Rules
- Casino Night Charity Ideas
- Casino Night Charity Fundraiser
- Casino Night Charity Event
A is a great way toraise money for charities or non-profits. Although, running a successful fundraiser is easier said than done. No matter how big or small the event, there’s one thing we can always attribute to their successes: proper planning! For example, when we ask hosts”How much money would you like to raise?”most realize they haven’t given it anythought.Key steps like settingrevenue goals are a crucial part of the planning process. Another important factor is to determine what tables are legal to use in your state. For example in the state of CA,games such as roulette, blackjack, banking or percentage games, and dice games, when offered for play for anything of value, are prohibited by Penal Code section 330.These games are prohibited as they are not controlled games, and therefore cannot lawfully be offered at charitable fundraising events –https://oag.ca.gov/gambling/charitable, for more information. Every state is different so it is imperative to check with your local legislative to see what is acceptable at your fundraising event.
CalculatingRevenue & SettingTicket Prices
Having a realistic goal of how much money you would like to raise is the key starting point. It determines ticketpricing and the limit of your expenses.Ask the following questions:
- How much money do you want to make? =Net Profit
- What’s the max numbertickets you expect to sell? =Tickets
- What is the total amount of projected expenses? =Expenses
- What is the total of my net profit plus all my expenses? =Gross
Net Profit+ Expenses= Gross
Gross / Tickets = Ticket Price
For Example say you wantto raise$3500 at your fundraiser. You aim to sell200tickets and yourtotal expenses are projected to be $1500. To determine what pricing your tickets should be, add $3500 to $1500 which equals $5000 then divide this by the total number of tickets you aim to sell. $5000 divided by 200 is $25 per ticket sold. Once you have calculatedthe price per ticket, ask yourselfif this amountwill support your revenue goals. It is possible you may not be able to sell your proposed quantity of tickets at this price. For example, if I sell 175 tickets at a rate of $25 per ticket sold that means I’ve earned $4375 from my event. With my expenses estimated at $1500, I would net only $2875 from the fundraiser which is under my target.To account for this, ask yourself if you are under charging guests. It ispossible you will not sell as many tickets as you expect to.
Let’s take the previous example. Your fundraiser sold 175 tickets but, instead of $25 per ticket, you charged guests $30 per ticket which is a 20% raise. At this amount, if you sold the same amount of tickets, you would earn $5250. Subtract from this your total expenses ($1500) and your net profit would be $3750 which is $250 over your target amount.
When pricing tickets you want to choose an amount that ensures you will meet your goals but will not discourage guests from attending. If you are worried about ticket sales, remember there are other ways to generate revenue at a fundraiser.
Other RevenueGenerators
When generating revenue, casino fundraiser do not need to be restricted to ticket sales only. One or more of the following channels can generate revenue:
Table Sponsorship
Table sponsorship is an excellent strategy to distribute the total cost of the event and reduce the overall amount you payout.Hosts can organize sponsors into different levels giving each business or individual achance of participating in the fundraiser. For example a High Roller sponsorship would sponsora table for $200 and in return would receive $500 in starting chips instead of the normal $100 thatguests receive at the start of theevent.The non-profit organization is giving the individual additional casino chips which costs it nothing and in essence are cashing in on an advanced re-buy from the guest. The sponsor gets more chips to play with and advertising. Plus the donation is a tax write off for them since the organization would bea registered non-profit.In the end, table sponsorship gives businesses and individuals an amazingopportunity to get public recognition and benefits the non-profit’s cause.
Re-Buys
Re-buys can be a huge part of acasino fundraisers. When guests run out of playing chips they have the ability to purchase morefrom the host organization. This increases the total revenue and gives players another chance at the casino tables. There are many factors that affect re-buys, such the affluence of guests, but if done correctly, they can count for a large amount of revenue. One of thekey factors is to make sure guests don’t start with a high amount of chips or else re-buys will never occur. Every fundraiser is different but we recommend guests don’t start off with more than $100-$200 each. The only setback to re-buys is that theynever guaranteed. Think of them asa nice bonus for your casino fundraiser.
Drink Sales
If you are going to give guests the full Vegas Casino experience, then offering them drinks is a must? Adding beverages to the mix is a great way to liven up the party. Also, don’t expect every person at your fundraiser to be playing at the tables. Plan for them to be walking aroundand socializing with one another.
Food
Having food at any party is a must and party hosts have a lot of options with this area. You can charge guests for the dinner and earn revenue from this which ultimately adds to the event’stotal profit. You can include dinner for every guest and charge per plate instead of per person. You can cater the event. In the end, when it comes to food at your fundraiser, the goal is to use it as a way of increasing your total revenue and thus, your total profit.
Charity Casino Night Rules
Auctions
Auctions are something that can be fun for anyone attending your event. This gives guests an alternative activity to playingat the casino table and another opportunity to engage in the festivities.
Casino Night Charity Ideas
The Hope for Hearts Casino Night is the largest charity event benefiting congenital heart defects (CHD) in Washington, D.C. The 10th Annual Hope for Hearts Casino Night is sure to be our best event yet. We will bring together over 300 supporters, sponsors and family members of those affected by congenital heart defects for an evening of great food and drink, dancing and exciting casino action!
Casino Night Charity Fundraiser
Proceeds from the event will benefit the Hope Marietta Foundation in our efforts to create CHD awareness and to help area families who are affected by the country’s most common birth defect. Your support will brighten the lives of the children fighting congenital heart defects every day.
Casino Night Charity Event
In addition to helping the Hope Marietta Foundation fight congenital heart defects, Hope for Hearts Casino Night supporters will be recognized on our Facebook page of over 1,400 fans, direct mailing list of 2,100 supporters and recognition on all event marketing materials. Past events have received coverage from TBD TV, the Washington Examiner and Bisnow’s The Scene.