The gambling industry has been growing bigger with each passing day. According to Statista, the global market has been estimated to hit at least US$471.40 billion by the end of 2025. Now, when it comes to Casino & casino games market, the same report states that the projected market volume as of 2025 is US$239.53 billion in 2025. With this market being big and popular, non-profit organizations and other charity events have been taking advantage of it to raise funds.
Different gambling companies have been involving themselves in charitable causes to help raise funds for some worthy causes. Looking at betway casino, for instance, the operator has been involving itself with charitable causes where the profits earned from gaming events go to chosen charities. For instance, in 2020, the Royal Ascot event helped raise a whopping GB£250,000 that was shared among six charities.
Apart from just Betway casino, there are many more gambling operators that are involved in such worthy causes. For instance, someone might just decide to host a gaming night at their house, and whatever they get as profits, they donate to charitable causes. Now, as you do this, there are a couple of things that you should know that will help you have a successful fundraiser.
Choosing the right gambling-based fundraiser
Now, before you can even think about having a fundraiser, you need to know the different types of fundraiser styles that you can work with out here. And that will really depend on the audience you are inviting. Are they the ones to work with a serious atmosphere or more casual? Also, what is your goal?
Now, the methods you can choose should be legal. Well, according to the IRS, 46 states in the US have legalized charitable bingo and other charitable games. Only the states of Arkansas, Tennessee, Hawaii and Utah prohibit charitable gaming.
Now, you should understand that many jurisdictions across the world require you to have a license or permit before you can handle any gambling activities. This stands true even for non-profit causes. It is, thus, important to get the necessary documentation before you can start advertising your event.
Now, the big question remains. What are the different types of events that you can hold for fundraising purposes? And by the way, did you know that you don’t have to hold these events physically? With our technologically advanced world, you can even have a virtual event and call upon people from different continents to attend. Now, if you are wondering the same as others, then worry no more.
Charity casino nights
In the UK, the Gambling Commission helps answer the question of whether someone can hold a casino night to raise money for charity. For this one, the guidelines clearly stipulate that the proceedings from the night should not be used for private gain and must all be given to a good cause. The proceeds include sponsorship from renowned operators like Betway casino, entrance fees, or the difference between the stakes and payouts.
Casinos may decide to chip into your game night and provide some equipment like tables, chips, etc. In fact, an event like an occasional use notice race night relies on bets from licensed betting operators like Betway casino.
There are different types of casino nights that you can engage with, including:
- Poker night
- Non-commercial casino prize gaming
- Non-commercial equal chance gaming
- Non-commercial lottery
- Private gaming
- Occasional use notices
- Stakes and prizes
Online poker tournaments
Poker tournaments are among the best ways of raising funds through gambling. Apart from just physical poker tournaments, online tournaments have been taking center stage in the last couple of years. When you visit sites that show events (like Eventbrite), you will come across a number of virtual poker tournaments that are being used to raise funds for worthy causes like International Justice Mission.
The great thing about poker is that it is among the most widely known casino games of all time. Currently, statistics show that there are at least 100 million active online poker players around the globe, with a huge percentage residing in the US. Now, if you find a way to harness the power of these poker players, then you are able to raise some good amount for your cause.
The most popular poker formats that gather a lot of people include:
- Texas Hold’Em
- Omaha
- Seven card stud
- Crazy Pineapple
While making your preparations, ensure to include local poker experts who can help you cover the game logistics. Since the tournament is online, you can work with an operator like Betway casino. This operator will help you come up with the required rules and even a platform from which your players can play. The good thing about using an established operator is that they have qualified and professional dealers. These will help your games run smoothly and even give your event more credibility among players.
When it comes to charity events, the gambling community has been coming up well to help raise funds. Well, casinos like Betway casino have not only been partnering with other operators to hold charity fundraisers, but they themselves have been raising money for needful causes. Now, before you can start a fundraiser that is involved with gambling, ask yourself a question. Are you sure you know what you are actually doing?