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Learn about the annual Charity Game Ticket License in Michigan, how to buy and sell tickets, make a profit, protect your earnings, and play responsibly. Ensure compliance with rules for selling and managing proceeds from charity game tickets.
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Charity Game Tickets have a built in profit of 15% and are sold all over the State of Michigan at licensed Raffles, Bingo Events and Non-Profit Clubs. www.michigan.gov/cg(517) 335-5780
Annual Charity Game Ticket License • $200 per year • 7 Days a week 8am-2am • Tickets can be sold anywhere on the premises • License expires July 31 of each year
Getting Started-Buying and Selling • Ticket cost is set by the Charitable Gaming • Tickets can only be purchased from a licensed supplier • Tickets can by sold • Behind the bar • Ticket seller • Ticket dispensing machine • Machines can be rented or purchased from a supplier • Supplier contact information is available at www.Michigan.gov/cg
Making a Profit with Charity Game Tickets Sales $2400 Prizes $1800 Box Cost $240 Profit $360 Sales $6000 Prizes $4625 Box Cost $550 Profit $825
Limit access to all unsold tickets, winning tickets & cash. • Add ticket purchases to inventory when received. • Complete physical inventory count of all unsold tickets. • Remember the machine count is NOT allowed & is NOT reliable Protecting Your Profit
Deface winning tickets when redeemed. • Check serial numbers when redeeming tickets • Use a Marker or Hole Punch to deface Protecting Your Profit
Balance cash & winning tickets Cash + winning tickets = Start Cash Total Protecting Your Profit
Destroy all redeemed tickets Rip or Shred tickets Protecting Your Profit
Protecting Your Profit Limit Deface Balance Destroy
Playing Charity Game Tickets • Must be 18 years or older to play Charity Game Tickets • Chairpersons/record keepers cannot purchase or play Charity Game Tickets • Employees receiving a tax form from the organization can never purchase or play Charity Game Tickets • Volunteers/Workers cannot purchase or play the day they are working
Prize Bank • Start cash must remain consistent & be the same amount each week • Only write a check to replenish start cash when prizes exceeded sales at the end of the week • Do not withhold money from weekly deposit
Just ONE Form • One document can be used for 13 week quarter • Ticket information & price per ticket automatically carries over each week • Ending Inventory automatically transfers to the follow weeks beginning inventory Mark Rumsfield Ray Peterson 1/7/18
Empty columns Machine is not visible Machine Problems Old Tickets Insider Information Don’t let these things gobble up your sales
Let’s Play Milk Money Each ticket represents a line of B-I-N-G-O! Once you cover all five bingo numbers on your ticket…Yell Bingo!