Risk Management Considerations For Chase the Ace

Charitable organizations are always looking for exciting and lucrative fundraising ideas. Chase the Ace has become a very popular progressive raffle lottery in the Eastern Provinces.

Chase the Ace is often an event-based lottery meaning that tickets are sold and the draw occurs on the same day. Winners must be present to collect their prize. There are two opportunities to win; a draw occurs for a percentage of the ticket sales and then a card is drawn from a deck for a chance to win the jackpot. Although the draws are very lucrative and can be a great fundraising tool, there are some risks to consider before a charitable organization starts a Chase the Ace draw.