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Customers buying restaurant raffle tickets at a 2008 event in Harrisonburg, Virginia. A strip of common two-part raffle tickets. A raffle is a gambling competition in which people obtain numbered tickets, each of which has the chance of winning a prize. At a set time, the winners are drawn at random from a container holding a copy of each number.
A young boy draws a ticket from a tombola drum. In the United Kingdom, a tombola is a form of raffle in which prizes are pre-assigned to winning tickets. Typically numbered raffle tickets are used, with prizes allocated to all those ending in a particular digit (traditionally a five or a zero).
In the UK, a typical meat raffle would have approximately 25-30 tickets sold at £1 each, [citation needed] though there is considerable variation and some raffles are much larger. Depending on the specific raffle, when a winning number is called the winner can either pick their cut of meat or opt for a gift certificate.
For its 25th anniversary in 2007, the Lottery held its first raffle, 375,000 tickets were sold, with three prizes of $1 million, four of $100,000, and 350 of $1,000. In the first drawing, all tickets were sold. In spring 2008, a second raffle was held, however, over 100,000 tickets were unsold. The cost of a ticket in both raffles was $20.
The first ticket was sold on September 20, 1988. All profits from Virginia Lottery ticket sales go to K-12 public education, as required by Virginia's constitution. In Fiscal Year 2024, the Lottery's profits totaled more than $934 million, accounting for approximately 10 percent of school funding in Virginia.
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