A 50/50 raffle works just like any other raffle where participants purchase tickets for a chance to win a prize if their name is drawn. The difference is with a 50/50 raffle, you can skip the prize procurement process. Instead, the prize is half of the gross proceeds (aka the amount raised through ticket sales). For example, if you sold 1,000 tickets at $5 each ($5,000 jackpot), Seven Dreams retains half of the proceeds ($2,500) and the winner takes home the other half ($2,500). All proceeds after the jackpot amount have been dispersed go to Seven Dreams, LLC.