Boat Raffle

[Brian]

I have had my boat for sale for quite awhile now. So I was thinking of a creative way to get it sold. I was thinking if I could sell 100 tickets at $500 I would get what I want for my boat and someone would get a great boat for $500. Or sell 500 tickets at $100 a piece. Are there laws againist doing this. I know the YMCA raffles off a house the same way. Any opinions??

 

[L Hall]

If your boat isn't selling, your asking price is too high. By the way, the reason private raffles are illegal is because it takes forever to sell enough tickets to cover your costs.