What price should we charge for tickets?

Deciding on the base ticket price is often one of the hardest decisions for raffle organisers to make.

The higher the value of the First Prize, the more likely your audience will be prepared to pay a higher base ticket price (that is, the price for one ticket).

If the value of the First Prize is less than $1,000, the audience will be looking for a base ticket price of $5.00 or less. 

On the other hand, if the value of the First Prize is more than $1,000, it is reasonable to charge a higher base ticket price.

For example, when the First Prize value is substantial, such as a motor vehicle, it’s not uncommon to have a base ticket price of $10.00, $20.00, $25.00, or even $50.00.

You can offer discounts for bundles (i.e. bulk ticket sales) in most States and Territories.

However, Western Australia prohibits the use of discounted ticket bundles. This means that all tickets must be sold at the same unit price.

Similarly, Tasmania does not allow the use of discounted ticket bundles for raffles that require a Tasmanian permit. 

Minimum Transaction Value

Regardless of the base ticket price, and regardless of the value of the prizes, you should always aim to achieve a minimum transaction value of at least $5.00. Even if you would like to have a base ticket price of $1.00, you could require a minimum transaction of 5 tickets for $5.00.

If you need specific information relating to your raffle, please contact the RaffleTix support team at support@raffletix.com.au