What is the difference between a lottery and a raffle?

[Ben Kempton]

Well, this topic has confused so many people. There are so many people who claim that a raffle and a lottery is the same thing whereas there are many other people who say that they are different. Some people have stated that a raffle may involve winning a product (not money) through a wager. However, things are not clear. What are your views regarding the definition of these two words?

 

[Samuel purpose]

A raffle is a type of lottery, with again people buying a chance to win a prize. Raffles tend to have a range of prizes available and the ticket sales and raffle draw tend to happen as part of the same event, whereas a lottery tends to have a cash prize based on ticket sales.

 

[James108]

The main difference between the two is that lotteries are usually run by government agencies or corporations, while raffles are often organized by nonprofit organizations. Additionally, lotteries typically have much larger prizes than raffles.

 

[Qwert135]

The prizes of lotteries are large and the winning chances are probably low for the players whereas in a raffle the winning chances are more and therefore you can indeed have more quality earning from the events in case of a lottery indeed actuallly .