Think about add-ons for your Casino Party Fund-Raiser. The two simplest once to do are a raffle or an auction. Again, you want to check the gambling laws in your area. In the State of Washington, a qualified group can raise up to $5,000 by doing a raffle without having to get a separate license. The tickets are distributed and sold for several months before the event and the drawing takes place after the casino closes.
Adding a Silent Auction to your event is the money maker. It’s a lot of work but if you have a base of support to procure auction items, it’s as close to a guaranteed profit as you can come. The Report: “ A Winning Combination: Casino Gaming for Fun and/or Profit” gives you all the basic information you need to do a successful Silent Auction.
Request the Party Planner on the sidebar for more FREE Information on staging casino parties for your favorite groups.
The success of a Silent Auction with a casino as the entertainment is in your numbers. It doesn’t work with 50 to 75 guests because you don’t have enough bidding and buying guests. However, if you feel your group can generate the 150 to 200 in ticket sales and procure around 100 items (or more) you could be looking at the multiple thousands in profits. Higher-end items in the auction equals higher profits.
Remember, the trick is having numbers of guests and giving them something they’re willing to spend their time and money on.
For Washington state residents: (Other areas remember to check with your state or province law enforcement to see what rules you have to follow).
The Play for Cash Alternative
Recently, The Washington State Gambling Commission re-worked the old Reno-Nite format that clubs used quite successfully in the 60s, 70s, and 80s.
In Washington State a group can now contact a group like ours to assist you in doing a cash Las Vegas Night activity. You can rent the equipment from us and you have two options. You can do the entire thing with wagers up to $10 and you provide all of the personnel to run the event.
Your second choice is to do the event using scrip and sell extra scrip for when people run out. Your people have to run the bank and handle all of the money, but our staff can deal the games and deliver a quality event.
The license is higher – in the $400 range when you do a cash event. When you do a Fantasy Casino with us, you umbrella under our license (one less headache for you).
There is no limit to what you can raise at an event utilizing the “High Roller’s Casino format as entertainment. However, there is a $10,000 ceiling – less expenses – to what you can raise at an casino event attaching a cash value to the chips or selling the scrip for cash. Plus you have to stand the losses at a cash event.
The real downside to doing an event for cash is this: People who are willing to put real cash into a casino game have plenty of places to go these days for the experience. It would be a rare group that would attract enough people willing to put large sums into the gaming activity to create a high profit.
However, there will always be the wonderful people who support worthwhile groups with their checkbooks. And they love to bid and go home with an item they can use and feeling good about the donation to your group. They leave the casino fund-raising party excited, full of fun, and willing to consider coming again.
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