Meaning of the word raffle in English

What does raffle mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

raffle

US /ˈræf.əl/
UK /ˈræf.əl/

Noun

an organized lottery in which prizes are awarded to the winners of a random drawing

Example:
We're holding a raffle to raise money for the new community center.
The grand prize in the raffle is a brand new car.

Verb

to offer (something) as a prize in a raffle

Example:
They decided to raffle off a signed football jersey to raise funds.
The charity will raffle off several valuable items at the event.