A vast number of visitors are attracted to fairs, festivals, auto shows, and other community events throughout Michigan. Visitors are there to have fun and spend money! A Special Bingo License allows an organization to conduct bingo for up to seven days at an event for a mere $25 license fee.
Fairs, festivals, and carnivals are great locations for 50/50-style bingo. The organization charges a set amount per bingo game and 50% of each game's sales is paid out in prizes. This type of bingo fundraiser works well with a continually changing crowd and ensures a profit to the organization. Players have the freedom to stop in, play a few bingo games, win some money, and be on their way.
Growing in popularity is designer bag bingo (or purse bingo), a successful themed bingo fundraiser. The event is usually advertised through social media. A typical fee of $30 could include 7 to 10 bingo games and a small meal or snacks. The organization can choose any theme and location such as a local bar, restaurant or rental hall.
One-time bingo fundraisers can award cash or merchandise prizes, such as gift cards, gift baskets, sporting tickets, etc. If an organization can have the prizes donated from members or local businesses, it helps reduce expenses and increase profits for the event.
Charity game tickets may also be sold in conjunction with a Special Bingo License. Charity game tickets offer extra cash prizes to players, are fun and easy, and help increase profit for the event.
Bingo licensees can analyze the profitability of their bingo event using an interactive Excel spreadsheet called the Bingo Profitability Tool. Each quarter the health of a bingo can be determined by the net profit or loss indicated on the financial statement. Entering individual stats into the bingo profitability tool will allow you to identify problem areas.
While charity game tickets have fixed expenses and prizes that ensure the licensee generates a profit, the individual bingo games do not have fixed expenses and prizes.
If you have questions, need additional training, or would like more suggestions on how to change your game program using the results from your analysis, please contact your inspector.
NOTE: Occasionally check the Statewide Training Calendar for training meetings in your area.
Bingo has been a popular pastime far before it became legal in 1972. The introduction of charity game tickets quickly added extra revenue to the bingo fundraisers.
Over the years more and more of the charity game ticket sales at bingo is for the seal card and bingo-interactive games. Bingo players like to buy the bingo-interactive games that are offered to play along with a bingo game because even if they don't win the bingo prize, they have a chance at winning a large charity game ticket prize.
In FY 2018 while bingo licensees didn't make much profit on the bingo games themselves, they made over $10 million from the sale of charity game tickets at bingo. Check out the available games and contact your licensed supplier to order your Charity Game Tickets.
Organizations that sell charity game tickets should be aware of their federal tax responsibilities. Organizations that award raffle, bingo, or charity game ticket prizes should also be aware of withholding responsibilities. These obligations are described in the links below.