This term references a specific raffle format commonly employed in Nevada. It signifies a fundraising activity where ticket sales are split evenly, with one half allocated to the designated charitable cause or organization and the remaining half awarded to the winning ticket holder. As an example, should a raffle generate $1,000 in ticket sales, $500 would support the intended beneficiary, and $500 would be given as a prize to the individual who holds the winning ticket.
The appeal of this arrangement lies in its transparency and straightforward nature. It offers participants a clear understanding of where their money is going and presents a tangible incentive to participate through the possibility of winning a substantial reward. Historically, similar percentage-based raffles have proven effective in generating significant contributions for various community projects, educational initiatives, and emergency relief efforts, leveraging the collective participation of many individuals.
