Let me try to explain Raffle Ticket with an easy, day-to-day example. Have you ever been to a carnival, a season fest, or a school gathering that has stalled with the title “raffle”?
You might remember purchasing numbered tickets from them in the hope to win prizes at the end. The prizes might include those squishy bears or intriguing toys on display that every child wants, hence attracting them to the raffle stalls. A raffle is a contest or competition that allows participants to buy tickets to avail themselves of a chance to win prizes. The tickets sold are used for fund-raising money for charity or other philanthropic purposes, mostly. After all of these have been sold, a lucky draw is conducted to determine which of the ticket holders receives the winning number. Raffle tickets can also be called “lottery tickets.”
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