One of the first questions clubs and charities ask: what does it actually cost to organize an online lottery? The answer: less than you think – and it often yields much more than traditional activities such as cookie sales or sponsored runs.
Cost items for an online lottery
- Permit
Municipality: often free or a small amount.
Gaming Authority (for prize pools > €4,500): higher fees.
- Notary
An independent draw is mandatory for a prize pool > €4,500. The costs vary per notary.
- Platform costs
Other platforms often charge a fixed amount per month and a percentage of turnover. Loteraise works with a model where the largest part remains for the club.*
- Transaction costs
A small amount is charged per transaction for online payments.
- Marketing and promotion
Flyers, posters and possibly online advertisements. Often a club promotion via QR flyers already helps enormously.
Conclusion
An online lottery is relatively inexpensive, especially considering the revenue. With Loteraise, the largest part of the proceeds remains with the club or foundation.*
* The exact percentage will be disclosed in an exploratory conversation.
Curious about how this works for your club or foundation? Feel free to contact Loteraise.
