Casino Night Fundraiser
Posted : admin On 4/13/2022Casino Night fundraising should be fun!
On the Go Casino Inc (casinonightfundraisers.com) – A casino night fundraiser is a great idea for raising money for charities. Vegas Knights (funight.com) – Casino event fundraisers provide a legal and memorable evening of realistic “Vegas style” casino entertainment. Casino night fundraising offers a wide array of options and can be extremely profitable. You can hold a Vegas-style night, Texas hold’em event or a combination of the two. Which one is right for your group depends on the number of volunteers and interest of your prospective supporters. Mar 21, 2019 - Explore Isabelle Peppers's board 'Casino Night Fundraiser' on Pinterest. See more ideas about casino night, casino, casino theme parties.
Although it might seem that way, it’s not just fun and games. There are many decisions to be made, each is imperative to the success of your casino night fundraising event. Every decison is equally important, such as: the perfect event date, time, venue, and location. The critical part is rallying support from your sponsors. Hopefully these tips and this proven strategy will help you put together an amazing and profitable event.
Choose an Ace
Nothing is more important then choosing the perfect calendar day. It’s been my experience, (and I’ve worked with many great charitable organizations), that planning your event (6) months to 1-year in advance is a wise decision. This allows proper time to plan and to deliver a flawless and well-organized event. Casino night fundraising requires having a dedicated team, an outreach plan and plenty of time to structure your event to insure that your funding goal is obtained.
Most casino night fundraisers are successfully hosted in the spring, right after Valentine’s Day, through the end of May. Although fundraisers in the fall might be a popular choice, many fail because of scheduling conflicts with football and the Holiday season. If you choose to book your event during fall, be sure to eliminate any event dates that might include regular or playoff high school, college or NFL football and/or dates near the Holidays. If planning for a spring date, be careful of March madness, otherwise you should be good-to-go! Here is a money saving tip – consider hosting your event on a weeknight because many venues and vendors will offer a discounted rate!
Bet this strategy to win
A casino night fundraiser works well because everyone is excited to be a part of creating an authentic casino experience! That enthusiasm carries forward and helps motivate your team towards obtaining those valued sponsorships! If you follow this sponsor strategy, it should have you ‘in the black’ long before event day! Here’s how it works! – Start by reconciling the amount for each ‘casino table game’ you are renting. Then price and sell those casino table games to your sponsors for slightly more than you paid to rent them. By selling them at a higher rate you should be able to cover your casino party rental fees and some of your other expenses too!
Before the event, create framed sponsor signs for each table successfully sponsored. I recommend 6” x 4” because it will fit nicely on any casino table. Then place your ‘sponsor signs’ on each casino table game rented. Please see the example shown in this video.
In-Kind is a great hand!
If your donors cannot sponsor a casino table game, maybe they can offer you an ‘In-Kind Sponsorship.’ These types of donations can be used for a Chinese, silent or live auction and/or a door prize raffle. Many smaller businesses will donate ‘In-Kind’ items such as gift cards, wine baskets, business services, venue memberships, sporting activities and resort/hotel stays.
To begin the donation/sponsorship process start by writing an event donation letter for your team to send out to potential sponsors. It’s a sales process and just like sales does, it requires energy, passion and commitment. Be sure to allow yourself and your team the time they need to obtain those donation commitments. As you move forward and begin to reach your sponsorship goal, be sure to also ask for donations for printing, marketing, food, live music, venue and decorations! You’ll be surprised how quickly things can come together and how easily you can cover all of your expenses with sponsorships!
Here’s a sample donation letter:
Winning At Casino Night Fundraising
As with any fundraising event an effective strategy is essential and choosing the right casino party company to partner with is critical for a profitable event. Contact us to request a meeting with your Board about planning your casino night fundraising event. There are many key factors and compliance issues to address pre-event. We’re the experts in this field and we’re more than happy to help you sort through all of them so that…Everybody Wins!
Join the Elite Email List
Be the first to get updates and hear about specials and promotions.
A is a great way toraise money for charities or non-profits. Although, running a successful fundraiser is easier said than done. No matter how big or small the event, there’s one thing we can always attribute to their successes: proper planning! For example, when we ask hosts”How much money would you like to raise?”most realize they haven’t given it anythought.Key steps like settingrevenue goals are a crucial part of the planning process. Another important factor is to determine what tables are legal to use in your state. For example in the state of CA,games such as roulette, blackjack, banking or percentage games, and dice games, when offered for play for anything of value, are prohibited by Penal Code section 330.These games are prohibited as they are not controlled games, and therefore cannot lawfully be offered at charitable fundraising events –https://oag.ca.gov/gambling/charitable, for more information. Every state is different so it is imperative to check with your local legislative to see what is acceptable at your fundraising event.
CalculatingRevenue & SettingTicket Prices
Having a realistic goal of how much money you would like to raise is the key starting point. It determines ticketpricing and the limit of your expenses.Ask the following questions:
- How much money do you want to make? =Net Profit
- What’s the max numbertickets you expect to sell? =Tickets
- What is the total amount of projected expenses? =Expenses
- What is the total of my net profit plus all my expenses? =Gross
Casino Night School Fundraiser
Net Profit+ Expenses= Gross
Gross / Tickets = Ticket Price
For Example say you wantto raise$3500 at your fundraiser. You aim to sell200tickets and yourtotal expenses are projected to be $1500. To determine what pricing your tickets should be, add $3500 to $1500 which equals $5000 then divide this by the total number of tickets you aim to sell. $5000 divided by 200 is $25 per ticket sold. Once you have calculatedthe price per ticket, ask yourselfif this amountwill support your revenue goals. It is possible you may not be able to sell your proposed quantity of tickets at this price. For example, if I sell 175 tickets at a rate of $25 per ticket sold that means I’ve earned $4375 from my event. With my expenses estimated at $1500, I would net only $2875 from the fundraiser which is under my target.To account for this, ask yourself if you are under charging guests. It ispossible you will not sell as many tickets as you expect to.
Let’s take the previous example. Your fundraiser sold 175 tickets but, instead of $25 per ticket, you charged guests $30 per ticket which is a 20% raise. At this amount, if you sold the same amount of tickets, you would earn $5250. Subtract from this your total expenses ($1500) and your net profit would be $3750 which is $250 over your target amount.
When pricing tickets you want to choose an amount that ensures you will meet your goals but will not discourage guests from attending. If you are worried about ticket sales, remember there are other ways to generate revenue at a fundraiser.
Other RevenueGenerators
When generating revenue, casino fundraiser do not need to be restricted to ticket sales only. One or more of the following channels can generate revenue:
Table Sponsorship
Table sponsorship is an excellent strategy to distribute the total cost of the event and reduce the overall amount you payout.Hosts can organize sponsors into different levels giving each business or individual achance of participating in the fundraiser. For example a High Roller sponsorship would sponsora table for $200 and in return would receive $500 in starting chips instead of the normal $100 thatguests receive at the start of theevent.The non-profit organization is giving the individual additional casino chips which costs it nothing and in essence are cashing in on an advanced re-buy from the guest. The sponsor gets more chips to play with and advertising. Plus the donation is a tax write off for them since the organization would bea registered non-profit.In the end, table sponsorship gives businesses and individuals an amazingopportunity to get public recognition and benefits the non-profit’s cause.
Re-Buys
Re-buys can be a huge part of acasino fundraisers. When guests run out of playing chips they have the ability to purchase morefrom the host organization. This increases the total revenue and gives players another chance at the casino tables. There are many factors that affect re-buys, such the affluence of guests, but if done correctly, they can count for a large amount of revenue. One of thekey factors is to make sure guests don’t start with a high amount of chips or else re-buys will never occur. Every fundraiser is different but we recommend guests don’t start off with more than $100-$200 each. The only setback to re-buys is that theynever guaranteed. Think of them asa nice bonus for your casino fundraiser.
Drink Sales
If you are going to give guests the full Vegas Casino experience, then offering them drinks is a must? Adding beverages to the mix is a great way to liven up the party. Also, don’t expect every person at your fundraiser to be playing at the tables. Plan for them to be walking aroundand socializing with one another.
Food
Having food at any party is a must and party hosts have a lot of options with this area. You can charge guests for the dinner and earn revenue from this which ultimately adds to the event’stotal profit. You can include dinner for every guest and charge per plate instead of per person. You can cater the event. In the end, when it comes to food at your fundraiser, the goal is to use it as a way of increasing your total revenue and thus, your total profit.
Planning A Casino Night Fundraiser
Auctions
Casino Night Fundraiser Image
Auctions are something that can be fun for anyone attending your event. This gives guests an alternative activity to playingat the casino table and another opportunity to engage in the festivities.