Chamber announces raffle

By Director Jim Lavrakas
Homer Chamber of Commerce

This month we’re announcing an exciting new cash raffle and calling it the “Fall Double-Down Raffle,” because besides winning cash, there’s also a chance to win a Bay Weld boat.
Through the fall, you will see a Bay Weld boat parked outside the Homer Chamber of Commerce on the Sterling Highway. The vessel on display is a demonstration boat owned by Lower Peninsula Power Sports. It’s for sale to the public and may be sold at any time. If the boat is sold, and the “Double Down” Grand Prize is won, the prize may be used to order a Bay Weld boat.
Here’s how it works:
• All raffle ticket stubs are numbered with corresponding number on the holder’s portion;
• Under the oversight of an independent party not affiliated with the Homer Chamber of Commerce, ticket stubs of all tickets sold are placed in a raffle drum and mixed.
The drawing begins:
• The 100th, 200th and 400th ticket drawn wins smaller cash prizes of $500, $1,000 and $2,500 (in that order);
• The grand prize winner is the final ticket remaining.
Now it’s time for the “Double Down” drawing:
• Balls numbered 1-500 are placed in a second, non-transparent drum. A video process to count each ball in numerical order will occur before the drawing begins;
• A single ball is drawn from the container. If the grand prize ticket number matches the ball number, the ticket holder wins the Bay Weld boat credit worth $60,000. If the ticket number and ball number do not match, the ticket holder wins the $13,000 cash consolation prize;
• The successful “Double Down” winner will have either $60,000 to buy the display boat owned by Lower Peninsula Power Sports, or $60,000 credit at Bay Weld boats. The credit is only valid at Bay Weld boats;
• The actual prize is insured for $80,000. However, there is a mandatory IRS withholding equal to 25 percent of the insured value.  This leaves the winner with $60,000 after taxes. The display Bay Weld is valued at $60,000;
• If the double draw numbers match, but the winner wants a cash payout instead of the $60,000 credit, the ticket holder receives a $40,000 payout ($30,000 after taxes).
We’re really excited to offer a chance to win a Bay Weld boat. And remember, the last ticket drawn wins — at a minimum — $13,000 . As usual, we will have non-cash prizes from business member sponsors to be given away with every 20th ticket drawn.
We also have our traditional ATV raffle to support our building fund. This year, we’re raffling off a 2014 Honda Rancher provided by All Seasons Honda.
Tickets for the “Double Down” cash raffle are $100 each; ATV tickets $35 each; and we’re also selling $50 truck raffle tickets for the Kenai Peninsula Tourism Marketing Council.
For our chamber business members only, the cash raffle, ATV and KPTMC truck raffle tickets are packaged for $150 until Sept. 1. (You get the ATV raffle ticket free.) After that, the cash and ATV raffle combo is $130. Non-chamber buyers can get the two-ticket cash and ATV combo package, but not the three-ticket package.
There are a total of 500 tickets each sold for the cash and ATV raffles. The drawing will be held Nov. 11, starting at 6 p.m. at the Homer Elks Lodge.
I hope you find this new raffle as exciting as we do here at the chamber. The fall raffle is our big fundraising effort for the end of the year, and your support is important — and appreciated.
Official “Double Down” rules are available at www.HomerFallRaffle.com

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Posted by on Jul 29th, 2014 and filed under Point of View. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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