How To Run A Casino Party For Charity Events On Long Island
Casino party fundraisers are a great idea for raising money for charity. This article is a guide for anybody looking to plan a Long Island casino party fundraisers for charity events. It is good to understand that some of the listed points might not apply to your event. In addition, you always need to check with the State Gaming Commission or Attorney General’s office about the legality of your event.
A key starting point should be having a realistic goal of the amount of money you would wish to raise. This will help limit your expenses and determine the price of your entrance fees. Decide on the amount you would wish to make from the event and draft a statement of proposed Expenses and Revenues. Obviously, aim to reduce expenses and maximize revenues.
For such an event, revenues will take form of some or all of the following:
For every casino table being used find at least one table sponsor and ensure that the sponsored amount at least covers the cost of the table. You can encourage your sponsors to provide gifts to promote their businesses distributed at their table. Casino party NYC services always encourages that table sponsorship should at bare minimum cover the cost of hiring the casino equipment and staff.
Delegate the task of selling tickets to different people since it is always easier for multiple persons to sell many tickets than for one person to sell multiple tickets. Ticket sales are usually your primary revenue source and will determine the financial success of your event.
Sale Of Drinks
This varies depending on the status of your event. The price of the tickets and the value that people get for their cash determines if the drinks will be included in the prices or if the guests pay for them out of pocket. Generally, the higher the entrance fees, the less likely that you will charge more for drinks. Manage your bar wisely since drinks can vary from being an excellent revenue source to being a nasty expense.
Sale Of Food
This will generally follow the same format as drinks. However, avoid leaving people feeling shortchanged due to insufficient food or poor quality food. Conversely, do not spend all your money providing fancy meals since this is not the aim of the event.
If done correctly, this can generate a generous amount of revenue. There are certain key ingredients to having a successful live auction. Have a captive audience and shut down all other activities during the auction. You should also have few items for auction- 10 or less. Finally, ensure that it is short, never running beyond 40 minutes.
The following are some typical expenses: Security, facility costs, props & decorations, beverage costs, food costs, clean up, casino equipment rental & dealers, and insurance.
This article has been a guide on what you should consider when setting up a casino party for your Long Island or New York charity events. Always remember that to have a successful fundraiser you must always keep expenses lower than the revenues. Good luck!