The Palos Verdes Art Center is raffling a $1,170,000 luxury home in Rancho Palos Verdes later today. They sold 16,000 of the $150 raffle tickets, so you have a 1 in 16,000 chance of winning the house. Additionally, there are 160 prizes, the smallest of which is $300. So, there is a 1 in 100 chance of doubling your money. The grand prize winner may also choose $800,000 in cash instead of the house. This is a great fundraising idea! Had I known about this earlier, I would have bought a couple of tickets.

2 Comments »

  1. I am an executor probating a decedent’s estate that has a home in the Belmont Shore area of Long Beach, CA. The house was appraised at $1.4 mil., but, no looky loos at that asking price. I’m interested in talking with someone who knows how one goes about setting up a raffle such as the Palos Verdes Arts Center is doing and what all is involved. Can you raffle a house with a requirement that a minimum number of tickets must be sold . Can anyone fill me in on what and how one goes about doing a raffle like that?

    #1 by Terry Martin — May 15, 2004 @ 10:28 am

  2. I could have written the ‘comment’ posted by Terry Martin (above on site) as that is the reason I came to your site. Do you have the info that was submitted? I would think it could vary by state. I am in NJ and interested in raffling my house.
    Thanks! JJ

    #2 by Jo Joe — July 22, 2004 @ 7:40 am

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