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hospital lotteries, $1M prizes

15K views 20 replies 18 participants last post by  slacker  
It's true that it's all for a good cause, but the ROI for the charity running the lottery is very low.
Some charities make only about 10c. net income on each $ for these campaigns.
I believe the Money Sense magazine did an investigation on the efficiency of the charities and the ROI on lottery campaigns was one of the factors they looked into.
From what I recall, all the charities studied made net income but the ROI was very low.