Independent site. CasinoCalcs is not affiliated with or endorsed by any lottery, raffle or prize competition operator. Game names are used only to describe the rules the maths is based on.
- Maths reviewed by Josh Miller
- Tested by Diana Westfield
A raffle ticket price calculator saves you a scribbled sum on the back of a programme. You want to raise £500, the hamper and voucher cost £150, the tickets cost £20, and you think you’ll sell 300. So you need £670 from 300 tickets: £2.23 each. Charge £2.50 and you’ve got a little room. The free CasinoCalcs tool does that sum, and the follow-ups, as you type.
How to calculate raffle ticket prices
The formula is one line: (target + prize costs + other costs) ÷ tickets you’ll sell. The tricky part isn’t the maths, it’s the guess about sales. A quick way:
- Count the people who’ll be there or who you’ll ask.
- Assume two or three tickets each. More if it’s a raffle at a party where the bar’s open.
- Then knock off 20%, because everyone overestimates.
Pick a price people pay without thinking
| Price | Tickets needed for £670 | Strip of 5 at 20% off |
|---|---|---|
| £1 | 670 | £4 |
| £2 | 335 | £8 |
| £2.50 | 268 | £10 |
| £5 | 134 | £20 |
The £1 and £2 prices feel like loose change, and a strip deal nudges people to five. Above a fiver, you’re asking people to think about it, and some will say no. If the top prize is big (a weekend away, a TV) the higher price works because the prize justifies it.
Donated prizes do the heavy lifting
Every pound spent on prizes has to come back through tickets before anything goes to your cause. Ask local businesses first. A raffle with all-donated prizes and £20 of tickets keeps nearly everything it takes. Once you’re running it, the raffle ticket generator draws the winners fairly, and the raffle odds calculator tells buyers their chance, which is a nice thing to put on the poster.
Running a penny raffle? The penny raffle calculator adds it up, and the raffle ticket tracker logs who bought which tickets.
Planning the whole event? See how to run a raffle, or try a football card for a quicker fundraiser.