The obvious question asked by our charity partners is “how much can we make for our charity?” Much of that can be answered by the charity themselves. We help provide the technology, we broadcast the game and provide insight and marketing support but in the end the charity is responsible forthe their local advertising and for hosting the bingo game. The more players a charity can attract and the more games those players play, the more money the charity makes for itself.
An example follows:
During an evening there are 3 sessions of bingo.
Each session consists of 8 bingo games.
Each session costs a player $25. If a player played all three sessions they would pay $75 for the evening.
Of the $25 spent for a session, $11 goes to the charity, $9 goes toward the prize payout and $5 goes toward the game facilitator. (In this case, Bingo Innovations of California, Inc.)
If each person at a charity’s bingo event plays all 3 sessions, $33 from each player will go to the charity.
The rest is up to the number of people the charity helps bring to the game.
- 100 players playing all three sessions in one night will generate $3,300 for the charity for that night. If that same game is played 50 weeks in a year. The charity would generate $165,000 for the year.
- 200 players playing all three sessions in one night will generate $6,600 for the charity for that night. If that same game is played 50 weeks in a year. The charity would generate $330,000 for the year.
- 300 players playing all three sessions in one night will generate $9,950 for the charity for that night. If that same game is played 50 weeks in a year. The charity would generate $495,000 for the year.
In addition to revenue from the remote bingo game, a charity will have an opportunity to raise more money from the sale of Bingo pull tabs, bingo playing accessories and concessions. This could bring the annual revenue for a 300 player game to over $500,000 for the year.
Click here to learn more on setting up your bingo game.
