How To Plan A Successful Casino Night Fundraiser
A casino night fundraiser is a great idea for raising money for charities and non-profits alike. Always be sure to check with the state Attorney General’s office and/or the State Gaming Commission as to the legality of your event. No matter how big or small the fundraiser is, there’s one thing I always attribute their successes: Proper planning, of course! Although, running a successful fundraising event is easier said than done.
We at Full House Casino Eventshave managed 100’s of successful casino party fundraisers and can guide you through the necessary steps.
Keys To Consider When Planning Your Casino Night Fundraiser
Here are some keys you should consider when planning your fundraiser:
- Goal
- Revenues
- Determining Ticket Price
DETERMINE YOUR GOAL
Generally when asked the question, “How much money would you like to raise at this event?” most hosts realize that they haven’t given it enough thought. Having a realistic goal of how much money you would like to raise is the key starting point. It should determine the price of your entrance fee and the limit of your expenses.
7 WAYS TO GENERATE REVENUES
A casino fundraiser can generate funds through one or more of the following ways:
- Ticket sales
- Table sponsorship
- Drink sales
- Food
- Auctions
- Additional script/funny money purchases
- Table sponsorship is an excellent strategy to reducing your overall of renting casino tables. Reaching out to area businesses and private persons to sponsor all or part of the cost of the will reduce the overall expense of the casino fundraiser. Signage can then be placed on the table indicating who the sponsor is.
*Can you think of any other ways to generate revenues at your fundraiser?
DETERMINING TICKET PRICE
Ask the following questions:
- How much money do you want to make? = NET PROFIT
- How many tickets can you sell for this event? = TICKETS
- What is the total of all expenses? = EXPENSES
- What is the total of my net profit plus all my expenses? = GROSS
- NET PROFIT + EXPENSES = GROSS
- GROSS / TICKETS = TICKET PRICE
Example:
We wish to raise $3500 from our event
Our intention is to sell 200 tickets
Our total expenses are $1500
Then determine if this price is appropriate for what you intend to not only provide your guests but will they support the sale of your proposed quantity of tickets at this price. It’s possible you might even be under charging your guests!
A casino night fundraiser party can be an excellent method of raising funds for your cause. No fundraiser is too small nor too big to provide a fun environment for your guests with casino tables. From large Non-profits such as Habitat for Humanity and Fight for life, to a local pre-school, Full House Casino has helped manage their casino night fundraiser and raise significant funds for their cause.
Full House Casino is the preferred choice for high quality at affordable prices. Call and speak to one of our fundraiser experts when planning your next casino night fundraiser party!
If you have any questions about your next fundraiser please leave us a comment in the comment section below.
