You could probably do it in some third-world country.

Government tends to frown on people gambling unless they approve of it and get a huge cut of it, not just regular taxes.

Mafia gonna mafia.

Anonymous wrote:WTF is this nonsense

Humans love to gamble. Sell 225-250 tix x $10/ea. Net $500 profit after giving away $2000 paycheck.

In my state, you need a raffle license to do this. All of our school clubs that do raffles have to file to be legit.

This probably means there are regulatory and tax implications that are trackable.

He could also raffle off the income he makes by raffling off the income, and that way make even more money. Keep doing this and you’ll get infinite money eventually.

WTF is this nonsense

"in general, lotteries that are not run by the state are illegal."

https://www.legalmatch.com/law-library/article/lottery-lawyers.html

Of course, people do a whole lot of things that not legal.

Saw an interesting post on reddit where a guy claimed someone at his work would raffle off his paycheck for years. He'd offer $10 tix for a $2000 winner. Apparently he'd make out like a bandit ever time and got well over the 200 tix needed to break even. If under 200 time, he'd just give the all the collected ticket money away as the prize so as to not incur a loss.

Yes, it is reddit, but is thisttheoretically possible without getting into a whole bunch of complicated tax and gambling issues?