Airplane raffle / sweepstakes

[odens_14]

If Mark17 #s are accurate, the accountant in me says the new raffle is a much better value; although still primarily a donation to EAA. if we assume a $150,000 value on the airplane in both scenarios. in his scenario you're getting a prize value of 17.2 cents per dollar. (150,000/871,000) under the new rules, assuming it fully sells out, it would be 37.5 cents per dollar (150,000/400,000).

However, I'm a little skeptical they were selling that many because why would EAA cap the value at $400,000 if they were more than double that under the old rules?? In light of the purchase in Wisconsin only rule I'm wondering if it's not due to a new Wisconsin law?

also, keep in mind the $40,000+ IRS and ~$10,000 state of Wisconsin tax bill if they win. That plus the ongoing operating/storage/maintenance cost isn't insignificant. Maybe EAA is trying to attract players that are more financially able to keep the plane vs. sell it immediately to cover expenses.