Reply To: Oorah's Million Dollar Raffle

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Lol. Reading through this old thread it seems that Joseph and I were agreeing and were actually proven to be correct at the end. I guess that happens sometimes. 🙂

Anyway, to follow up: I think the guy who won last year gave $10 so they only had to pay $10,000 rather than $1,000,000. It seems that their gamble paid off. They are doing the same raffle again this year. I assume they have some sort of deal with a sponsor to do this for a few years with the hope that they will never have to pay the full million and even if they do it will only be once in the few years that they do it. So sounds like a pretty good business decision to me. It hypes up their raffle and encourages people to give more. And it is more than just one year…