Budget Poker

Posted By admin On 10/04/22
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A charity poker tournament or Casino Night can be a glamorous way to achieve your non-profit organization’s fundraising goals. The benefits of hosting a poker tournament are many – donors will look forward to the event and you will likely have the opportunity to introduce new supporters (who love playing poker) to your organization. This leaves plenty of room to achieve your fundraising goals with tournament ticket sales, rebuys (which are additional poker chips available for purchase, either to buy back into the game or to add to a pile of chips), fundraising raffles, and other activities. We’re here to walk you through how to run a charity poker tournament fundraiser and raise the fundraising stakes for your organization.

1. Research the Costs Associated with a Charity Poker Tournament

As with many fundraising events, planning begins with how much you want to raise from your poker tournament. Poker tournaments can be lucrative events, if well-organized and well-promoted. For a smaller event with lower ticket prices, organizations can raise $5,000-$8,000. For larger tournaments with higher ticket prices, you can raise upwards of $25,000. Plan with your committee what you’re looking to raise and how many attendees you project for your event. Before deciding the gross fundraising goal, understand the costs that are associated with a poker tournament:

  • Venue
  • Poker Table and Accessories Rentals/Tournament Staff (Dealer, Pit Manager/Tournament Director)
  • Hors d’oeuvres and Beverages
  • Fundraising Software
  • Other Marketing Costs

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Shop around for the best pricing for the service and quality that best fit your needs. With projected costs and a fundraising event budget, it is easier to understand how to determine ticket pricing and attendees needed to reach fundraising goals.

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2. Plan the Fundraising Goal for the Tournament

Once you research the tentative costs, the following projections should be determined:

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  • What is the gross fundraising goal (how much to cover your fundraising goal and your costs, before any deductions are taken out)?
  • What are some potential projections of how many tickets are needed to be sold at a certain price point? For example, how many seats would you need to sell at $50 per person? At $75 per person? At $100 per person?

When deciding the price point, consider that re-buys and add-ons can contribute around 30% of your fundraising amount. Consider this when projecting how many tickets need to be sold.

3. Discuss Poker Tournament Format and Additional Revenue Channels

The most popular format for charity poker tournaments is Texas Hold Em’.

You will need to have at least one poker expert on your planning committee that assists with format choices and all rules. The tournament director dictates how quickly the blinds (minimum bet of the game) rise throughout the duration of the game. Throughout the tournament, as more players are eliminated, the tables are combined until a final table is left. The final remaining three to five winners will have a choice of winning an appealing, high-priced prize.

Keep in mind that charitable gaming is legal on a state-by-state case basis. Often prizes cannot be actual cash tender but need to be non-monetary prizes. Of course, perform due diligence to find out your local and state laws on gaming and charity poker tournaments before planning. This information can be found in the office of the state attorney general.

A given additional stream of fundraising comes from the rebuys and add-ons. Another option is to utilize the poker tables that have been eliminated to run smaller and quicker poker games for smaller prizes. Other forms of fundraising can come from side games, which are other card or casino games such as roulette or blackjack. Casino Night fundraisers offer tables with all of these games to choose from.

Non-gambling related options include selling raffle tickets for a chance to win appealing prizes or hosting a silent auction. In addition, a charity poker tournament could be held in conjunction with a fundraising golf tournament, gala, or other special events.

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4. Plan Promotional and Graphic Collateral for the Charity Poker Tournament

Once the venue, date, and time have been determined, it’s time to plan the marketing and promotional collateral. Poker tournaments typically exude a concept of “a fun and classy night out.” The marketing collateral should express the same concept or theme. There are inexpensive flyer and collateral templates available online if your nonprofit organization doesn’t have anyone with graphic design experience. Marketing collateral may include the following:

  • Poker tournament event invitation
  • Flyers
  • Website Banners and logos
  • Printed items for the event (signage, tickets, step-and-repeat banners, sponsor signs)

The physical or digital flyer and the invitation should include the following information:

  • Date and time of the tournament
  • Location
  • Poker tournament format (Texas Holdem’, 7-Card Stud)
  • Attire requirements, if any
  • Pricing of Buy-in and Re-buys
  • Promotion of desirable prizes
  • Sponsors
  • The mission of your organization or charitable cause
  • How the money raised will be used

5. Build an Event Website to Register Tournament Participants

DoJiggy event management software allows organizations to easily manage the entire life cycle of fundraising poker tournaments, including event promotion and marketing, sponsor and sponsorship management, secure online event registration, donations, detailed financial reporting, and day-of-event operations. The following are just a few features of our software:

  • Online ticket sales with the ability to create custom ticket packages (think VIP)
  • Sponsor registration and promotion
  • Real-time financial reporting
  • Volunteer management
  • Brand customization for your organization and event
  • Easy-to-use interface
  • Secure credit card processing

Consider our low fees and we think you’ll agree that DoJiggy is the best fit for charity poker tournament management.

6. Initiate Sponsor Outreach for the Tournament

The poker tournament will only be as appealing as the prizes, so in-kind sponsorship procurement is one of the pivotal steps in organizing a charity poker tournament. Sponsorship support is also important because, in a charity fundraising game, cash tender prizes are not typically allowed by state regulations and laws (the specific legalities of your state should be researched).

Typically, there should be sponsorship outreach to procure prizes for the following: the top winners of the main poker tournament, side games prizes, raffles, and/or silent auction items. The retail value of the tournament prizes should also be considered, especially in comparison to the buy-in price. Here are some great prizes to consider:

  • Restaurant gift certificates for high-end restaurants
  • A seat to the World Series of Poker ($10,000 ticket value)
  • A ticket/suite admission package to sports games
  • A week-long or week-end vacation or retreat package

Always start with your connections. Consider casting your net out to your poker planning committee to see if there are employers or business owners here. For cold outreach, delegate the team accordingly so that outreach for both corporate sponsorship and local business sponsorships are performed.

7. Begin Event Promotion and Tournament Ticket Sales

Once all the details are in place with the venue, time and place, and top prizes, it’s ready to share the news with the world. Here are some places to garner ticket sales:

Games
  • Existing Supporters
  • Past Sponsors
  • Local Businesses
  • Local News Outlets/Event Calendars
  • Meetups
  • Past Collaborators
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Keep in mind to consider the most effective approach to soliciting ticket sales by what type of relationship is present. Existing supports, past sponsors, and local businesses are best approached in a face-to-face manner or with a warm phone call. Local news outlets and Meetups may be best with an e-mail sent to the main contacts. And as with many ticket sales, the magic behind the sold ticket is consistent follow-up. Send everyone to your event website for easy registration.

8. Prepare Volunteers for Tasks and Vendor/Venue Check-In

As the date of the charity poker tournament approaches, it is vital that the event has an all-star team on deck. That means that there is a lead volunteer or event coordinator that knows the agenda and the tasks involved throughout the night. Once these tasks are planned, finding volunteers to make sure that everything is handled is essential to event execution. Here are some volunteer and/or vendor roles to consider filling:

  • Registration
  • Greeter
  • Event Set-up and Breakdown
  • Master of Ceremony/MC
  • Prize Presenter
  • Coat Check
  • Photographer/Videographer
  • Raffle Sales
  • Food and Beverage Servers (hors d’oeuvres should be provided as part of the ticket price)
  • Runner/Back-up Volunteer

Approximately 1-2 weeks prior to the event, hold a meeting at the tournament venue. Vendors and volunteers should all attend, to assure that everyone is on the same page with the event agenda and their assigned tasks. Also, if there is any use of audio/visual equipment at the venue, perform a technical rehearsal to assure microphones work as expected and videos or slideshows play accordingly. This is also a great time to work and rehearse with the MC (master of ceremony) on the flow of the event.

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9. Hosting the Charity Poker Tournament

Be sure to run through all the materials that should be brought by your organization the night before the tourney. Prior to arriving at the venue, have plenty of cash on hand to handle change for rebuys and raffles. Also, it’s best to arrive at the venue several hours early to work with the poker table rental company to set-up the tables in a way that works for the venue layout. Run through the tasks one final time with the volunteers before doors open, offer a venue tour as needed (to know bathroom locations and other information) and assign them to their locations. From here, enjoy the evening as the games begin!

10. Wrap Up the Tournament with Numbers and Thank-Yous

Host a meeting with your tournament committee within a week of the tournament to discuss the successes and failures of the charity poker event. What can be done differently in the future? Keep a file with this information for next year’s committee. Another agenda point is to review the feedback received during the event to see where there could be room for improvement at future events. Turning a charity poker tournament into a successful annual event is contingent on how much fun your supporters have during the tournament.

The amount of funds raised will also determine if a poker tournament should be a comeback occasion. Work with your treasurer or committee to review how much money was raised from the event, after all of your final expenses are figured.

Don’t forget to send off hand-written thank-yous to your sponsors and attendees and let them know what impact they’ve had as a supporter of your organization or charitable cause. This is an important step that is not to be skipped! And that’s how to run a successful poker tournament fundraiser in 10 steps.

More Charity Poker and Casino Night Resources

Still looking for fundraising ideas?

As more states legalize online gambling, more sites offering the opportunity to play online poker for real money are opening to Americans. That leaves more Americans with a question or two about how online poker works, where to play, and, most importantly, if it’s legal in their state.

We’ll be covering all the above and more right here on TechNightOwl. Let’s start with the basics.

What States in the US Offer Online Poker for Real Money?

At present, there are only six states in the US where online poker platforms are legal: Nevada, Delaware, New Jersey, Pennsylvania, Michigan, and West Virginia. Let’s run through how that came to be.

US Online Poker Laws

The Wire Act is a US Federal Law established in 1961 prohibiting wire communications in betting transactions. The main objective of this law was to reduce the possibility of gambling and poker games becoming a part of organized crime.

The Unlawful Internet Gambling Enforcement Act (UIGEA) took effect in 2006 when it became illegal for banks to transact with unlicensed online gambling platforms. The banks — not the players — became liable for any violation cited or observed.

These regulations shut down online poker platforms in the United States. However, both the Wire Act and UIGEA created gray areas in the law and were subject to misinterpretation. In 2012, it was one of those grey areas that led a New York federal judge to rule that the Wire Act of 1961 didn’t apply to poker because it was a game of skill rather than chance.

New Jersey Online Poker Platforms

New Jersey was one of the first states in the United States to legalize online poker for real money. New Jersey Governor Chris Christie signed the legislation in 2013, less than a year after the 2012 ruling.

The requirements for any individual to play on a licensed online poker platform include:

  • Age: Players must be 21 years or older
  • Location: New Jersey, Delaware, and Nevada entered into a compact that went live in 2018 that allows interstate gambling. You must be physically present in one of these states to play online poker for real money in New Jersey.
  • Verification: Players who sign up for online poker platforms in New Jersey must undergo a thorough verification process to determine if they are qualified to play.

Because New Jersey is one of the earliest states to legalize online gambling platforms, this state offers more poker rooms than most other states, including:

  • 888poker
  • Borgata
  • Pala Poker
  • PartyPoker
  • PokerStars
  • playMGM Poker

Players in New Jersey can also play on the Nevada-based poker site, WSOP.com, the primary interstate poker provider.

Delaware Online Poker Platforms

Shortly after New Jersey, Delaware also legalized online poker sites in 2013. Like NJ, players must be 21 years of age or older. Delaware also requires geo-tracking software to confirm your location.

The state currently has three online poker sites where you can play for real money:

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  • Dover Downs
  • Delaware Park
  • Harrington Raceway

All the above run on 888Poker software. Like in New Jersey, players in Delaware can also play on WSOP.com.

Nevada Online Poker Platforms

Nevada legalized online poker for real money right around the same time as Delaware and soon became a hub for interstate games, being the home-state of WSOP.com.

Currently, the only other poker platform in the state is Real Gaming. Ultimate Poker was previously also available in Nevada, but the platform failed in 2014.

State player requirements are similar to those in other states, with the minimum player age being 21 and geolocation mandatory, but they also add a few additional provisions:

  • Player fund transfer is not permitted.
  • You may only have one account on each poker platform.

Pennsylvania Online Poker Platforms

Pennsylvania was the fourth state in the United States to legalize online poker for real money with legislation taking effect in 2017.

Since Pennsylvania has one of the largest populations in the United States of over 13 million residents, online poker for real money established a massive player base. PokerStars is currently the only active online poker gambling platform in the state.

Pennsylvania has yet to join the interstate gambling compact, and so WSOP.com is not available, but efforts are in the works to change that. Numerous other land-based casinos have also been granted licenses to operate and may open platforms soon, including:

  • Harrahs Philadelphia
  • Hollywood Casino
  • Parx Casino
  • Rivers Philadelphia
  • Valley Forge Casino
  • Wind Creek Casino

Beyond restricting players to in-state games, the player requirements in Pennsylvania are the same as other states. You must be over 21 and allow geo-tracking software.

Michigan and West Virginia Online Poker Platforms

Michigan and West Virginia both legalized online poker for real money in 2019. However, neither state has any licensed operating poker platforms as of June 2020.

The Stars Group, operator of PokerStars, has already taken steps to obtain a license in Michigan and is a strong contender to be the first option open in the state. West Virginia has yet to finalize its licensing regulations.

What Other States in the US Have Plans to Offer Online Poker for Real Money?

The following states have plans to legalize online gambling platforms. Some even have ongoing legislative reviews about the pros and cons of legalizing online gambling platforms.

  • California
  • New York
  • Massachusetts
  • Illinois

The Best Online Poker Platforms for Real Money

Now that you know which states you can play in and all the poker platforms available in those states, your next question is likely which should you play on—assuming you have more than one option. The best online poker platforms in the US include:

  • WSOP.com
  • 888Poker
  • PokerStars

Let’s take a quick look at each.

WSOP.com

As mentioned, WSOP.com is an interstate provider serving New Jersey, Delaware, and Nevada. They are operated by Caesars Interactive Entertainment, a name you likely recognize if you’re familiar with the hotel gaming and gambling industry.

WSOP.com is the largest real-money online poker platform in the United States and is backed by the World Series of Poker. They offer fixed- and pot-limit Texas Hold’em, Omaha, and Seven Card Stud, all with Hi/Lo options. There are roughly 50 tournaments daily, some with cash prizes as high as $50,000.

The site regularly offers bonus promotions and also has a generous loyalty point program. You’ll earn points online towards the Action Club Rewards Program for every game you play—win or lose. Points can be redeemed for cash.

888Poker

The second-largest online real-money poker platform, 888Poker is only available in New Jersey and Delaware. Delaware’s platform is accessed via three racinos (listed above) rather than the 888Poker site directly. Nevada’s WSOP.com also runs on 888Poker software, but the two aren’t interconnected.

888Poker only offers Texas Hold’em and Omaha, but they do have a range of tournament and match offers, including SNAP, Blast, and Classic poker options. They have a mobile app but are also well-known for their instant-match, no-download games.

The site has many generous bonus promotions and is among the only online casinos left with a true no-deposit bonus. You’ll get $1 to spend anywhere on the site, 14 free 50-cent entries, and a pending $80 bonus. You unlocked the $80 by earning points for the platform’s rewards program (a cash-back offering similar to WSOP.com’s rewards). For every 100 points you earn, you unlock $10. You can earn those points using the initial free credits granted to you.

PokerStars

PokerStars is Pennsylvania’s only real-money online poker platform. They also operate in New Jersey and are likely to be available in Michigan soon. The site offers Limit Hold ’em, Omaha, and Seven-card stud, as well as 2-7 Triple Draw, HORSE, and Razz, though as these games are less popular, it may be harder to find a table.

There are multiple daily tournament options, including big-ticket hourly Sunday games with massive cash prizes. For instance, the Sunday Special held at 6 pm EST has a $200 buy-in and a $45,000 guaranteed pot.

Like WSOP.com and 888Poker, the site does have a rewards program. You can earn Star Coins, which can be used to purchase merchandise or free play tickets. They also match your first deposit 100% up to $600.

How to Choose the Best Online Poker Game for Real Money

With so many online poker games on the internet, it is wise, especially when the stakes involve real money, to choose the right gambling platform. Here are some factors we considered when choosing the best real-money online poker sites in the US.

Player Experience: An online gambling website or app’s aesthetic, functionality, and ease of navigation should all be excellent. Ideally, you want to choose a site that doesn’t make you jump through hoops to get to your desired page.

Game Selection: While not all players prefer to play multiple poker game types, we prefer sites that give you the option to do so.

Safety: Safety should be the utmost priority for any gambling, betting, or poker site. All the platforms we recommend are credible, have all the necessary licenses to operate in the US, and comply with all the regulations imposed by the states they operate in.

Bonuses: Some online poker sites provide attractive promotional and sign-up bonuses that can benefit players and give them a competitive advantage over their opponents.

What Is Global Poker?

For those who can’t visit states where it is legal to play poker online for real money, Global Poker is an option. Global Poker functions similarly to any online gambling platform. The catch is instead of dealing directly with real money, there are sweepstakes, and players get a virtual currency which they can “cash in” via PayPal. Thanks to this unique twist, it does not fall into the category of illicit activity, and anyone with an internet connection can access it anywhere within the United States.

How Much Does It Cost to Play Online Poker for Real Money?

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The buy-in cost for online poker games ranges dramatically, but the average is relatively affordable. Around 50% of online poker games have an entry fee of $8 to $10. Players can even join online poker tables with buy-ins starting at $0.01 to $0.02 and $1 to $2. There are high-stakes games as well, with buy-ins closer to $100 to $200.

What Are the Payment Options for Online Poker?

There are a variety of ways to deposit money to play poker online for real money. Here is a breakdown of online banks that online gambling platforms you can trust:

Essential factors to consider when making online money transactions, especially on online gambling platforms, include:

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Privacy and Security: All licensed online gambling sites are required to encrypt your information and are held to strict privacy and security regulations. Dealing with an unlicensed poker site can put you at risk for identity theft and loss of funds. Never enter your financial information on a site that asks for banking details such as pin or password.

Support: Credible online gambling platforms have 24/7 live chat support to address any questions, concerns, or issues about your financial transactions. If a site doesn’t have readily accessible contact information, that’s a red flag. Avoid making deposits on these sites.

Play Poker Online for Real Money

There are many advantages to playing online poker for real money. Because online games generally have significantly lower buy-ins, you have more control over your bets. Wait times are also shorter because there are endless virtual tables.

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The periodic bonus offers you can grab to gain a competitive edge over other players are just icing on the cake—but remember to read the terms and conditions.

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You can play poker online for real money in the comfort of your home, which makes it a great way to pass the time—no more stuffy dress codes in brick-and-mortar casinos. You can play games in your pajamas if you like!

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Of course, getting the most out of these benefits requires playing on a legal, reputable real-money poker platform—and that’s just what you’ll find reviewed on TechNightOwl! We regularly update our content to reflect the latest online gambling,betting, and poker regulations, as well as the best real-money poker platforms in the US.