FRC 1073

Question 1

When is the drawing?

Answer

May 9th, 2020 at 8:00 PM

Question 2

Where is the drawing?

Answer

Hollis Brookline High School 24 Cavalier Court Hollis, NH 03049

Question 3

Am I guaranteed to win 10,000% of my ticket cost?

Answer

No. You will win half of the pool if the final pool's worth is less than double your maximum earnings. Otherwise, you will win 10,000% of the cost of your ticket.

Question 4

What is the pool worth right now?

Answer

You can see the current pool value under the current progress tab under raffle on this website. We began selling tickets on 11/6/2018.

Question 5

What is 10,000% of my ticket's worth?

Answer

It is the equivalent of 100 times of the ticket's worth. Maximum Earnings: $10 --> $1,000 $25 --> $2,500 $50 --> $5,000 $100 --> $10,000

Question 6

Do I have a better chance of winning if I purchase a more expensive ticket?

Answer

You do not have a better chance of winning, but if a more expensive ticket is drawn, then you will win more money.

Question 7

Would it be better to purchase ten $10 tickets rather than one $100 ticket?

Answer

It depends on what you find better. Buying ten $10 tickets will increase your odds of winning the raffle, but buying one $100 ticket will increase your maximum earnings.

Question 8

Can I buy multiple tickets?

Yes!

Answer

Yes, the Selectmen of the Town of Hollis have jurisdiction because the drawing will be in Hollis, and they have issued a permit to the team for the raffle.

Answer

No, but we do not need one because the drawing will be in Hollis.

Answer

We cannot answer that. You should contact your tax advisor.

Answer

After the remainder of the money, after the winner's earnings have been deducted, will go to The Force Team to help cover team expenses. Our annual budget is about $60,000, which includes the materials and tools to build the robot; annual registration and entrance fees for competitions; and travel fees.

Question 9

Do you have a permit for the raffle?

Question 10

Do you have a permit from the Town of Brookline?

Question 11

Are ticket purchases tax deductible?

Question 12