A 50/50 raffle, often associated with sporting events like Chicago Cubs games, involves selling raffle tickets where half the proceeds go to a designated beneficiary (often a charity or the team’s foundation) and the other half goes to the winning ticket holder. The drawing typically occurs during the event, and the winning ticket number is announced, along with the jackpot amount. Fans eagerly anticipate the outcome, creating excitement and contributing to a good cause.
Timely access to this information benefits both participants and charitable organizations. Participants can quickly learn whether their ticket is a winner, while the transparent nature of announcing the results builds trust and encourages future participation. For the beneficiaries, prompt dissemination of results highlights the total funds raised, emphasizing the impact of the raffle on their work. Historically, these raffles have provided significant funding for community programs and initiatives.