We haven’t received many questions from our supporters and we like to think that this is because our website makes very clear what we do, why we do it and what’s on offer. However here are a few that have landed in our inbox. These are not necessarily all from those interested in supporting the Veterans Raffle because we have identified questions originating from competitor lotteries!
Q. How many people currently play the Veterans Raffle?
A. This is a question that can never be answered accurately as we’re delighted to announce that the number of participants is growing on a monthly basis. Unlike many other lotteries, we don’t have any 3rd party financial support, we started with a very humble 100 entrants (as others have done) but our platform has the potential to grow to a current licensed maximum of 83,333 entrants. We intend growing organically and at a sustainable rate, rather than spend a huge percentage on attracting a large number of subscribers over a shorter period. We want to maximise the percentage of our proceeds that goes into charity & prizes combined. Without the support of the public we won’t have a sustainable raffle to raise invaluable funds for the struggling small veterans charities, so genuinely rewarding the public is of huge importance to us.
Q. What is the monthly cost for me?
A. We like to think that this will be a rarely asked question because our website clearly states that to support the Veterans Raffle you are happy to commit to a £10 per calendar month donation. The draw is always on the last day of every month with the £10 being deducted from your account approximately 2 working days before each draw. We hope that you will continue to support the Veterans Raffle indefinitely or at least for as long as you wish or can comfortably afford. You have the option of taking the occasional ‘break’ or completely deactivating your account at any time you wish 24/7 and without any notice period or encountering any financial penalty. We don’t take annual payments in advance either which means that you stay in control of your personal funds and would never lose money if you did wish to cancel at any time during any year.
Q. How many prizes are there each month?
A. Our website has a page specifically devoted to announcing our monthly draw winners and historical winners too. The link to our winners page is easily located on our website header under the ‘WINNERS’ heading. To respect each persons privacy we don’t totally identify them but simply attach their first name & town to their partial Unique Reference Number (URN). Respecting people’s right to privacy is very important to us and during our research and prior to our launch, one of the most discussed subjects was not always around people’s concerns about being identified as a draw winner, but more importantly the value of their awarded prize. So we respect their wish and if some choose to disclose what they have won then that is totally their decision.
Q. What are your prize values?
A. The minimum prize value is £100 and the maximum £25,000 (when proceed levels permit) as per our Raffle Terms & Conditions (Raffle T&C). What is in the proceeds pot is distributed each month, we cannot magic any additional funds. Everyone therefore understands that as the entrant numbers grow so does the proceeds pot, the value of our contribution to UK veterans charities and the number & value of our prizes accordingly. However remember that we lead the UK lottery industry with up to a staggering 95% going to charity & prizes combined. No lottery being promoted by a 3rd party will ever come even close to that percentage ever!
Q. What are the odds of winning a prize?
A. The best jackpot winning odds of any UK lottery! Unique to the Veterans Raffle is jackpot winning odds of 10,000 to 1 and as our Raffle T&C state this gives us market-leading reward potential for all our raffle entrants. Such prize winning potential is only achieved by maximising the efficiency of a fundraising platform and minimising total operational costs. This can never be achieved by any other UK veterans lottery who are reliant on 3rd parties promoting a lottery on their behalf.
Q. Why should I support the Veterans Raffle instead of another veterans lottery?
A. Some charities run their own lotteries and may be a charity that you want to support specifically regardless of the size of their prize pot or the winning odds however, in reality very few charities promote their own lottery, the majority are actually associated with 3rd party management who undertake this role on their behalf at a cost. 3rd parties either take a fixed cut of the proceeds or hide what they actually retain by combining their charges with the prize pot; this isn’t a practice that we’d consider ‘open & fair’ at all. The Veterans Raffle doesn’t engage any 3rd party management and doesn’t hide operational costs within the prize fund either. 3rd parties could legally retain up to 80% of the total proceeds pot according to the gambling commission's regulatory terms however we are not aware of any organisation exceeding 50%. The Veterans Raffle apportions up to a UK leading 95% to charity & prizes combined which leaves just 5% retained for total operational costs; no other UK veterans lottery can match that or even come close to that percentage. So in summary, no one is telling you what you should or shouldn’t do however, the Veterans Raffle do apportion the highest percentage to charity & prizes, do operate on the lowest percentage in the UK, do have the very best jackpot winning odds, do not operate a rollover, there is a guaranteed winner every single draw, no prize is ever shared and you get to support a UK charity of your chosing.
Q. Why do you only offer raffle entry by direct debit?
A. Our platform was built on protecting the young & vulnerable, eliminating any risk of crime association and being open & fair. Not allowing children to participate by age restricting participation to 18+ protects the young, not handling cash, cheques, credit or debit cards eliminates money laundering risk and protects the vulnerable too. Direct debit is the safest & most secure payment method available today and by setting a fixed monthly donation of £10 per person means that entry is fair to all. Only operating electronically means that every single pound is fully accounted for and operational costs will be kept to an industry low of only 5% and that is how we are exclusively able to apportion up to 95% to charity & prizes combined!