What is a Chase the Ace Raffle?
Chase the Ace is a 100% online progressive jackpot, multiple-draw, weekly raffle in which ticketholders have the chance to win a Weekly Prize and the Chase the Ace Jackpot.
How much do Chase the Ace Raffle tickets cost?
CFPEI Chase the Ace Raffle offers the following ticket bundles:
- 10 for $10
- 30 for $20
- 100 for $50
- 250 for $100
How does the CFPEI Chase the Ace draw work?
The Chase the Ace PEI Online Lottery draw administered by the Community Foundation of PEI is a raffle licensed by the Department of Justice and Public Safety Consumer Services (Province of PEI) where individuals purchase ticket(s) for the opportunity to win 50% of the total money raised through the sale of Chase the Ace tickets.
When you buy tickets online, you will also pick an envelope that might contain the Ace of Spades. If your ticket is chosen, you’ll win 20% of that week’s ticket sales – and if your card in the envelope is the Ace of Spades, you’ll also win the Catch the Ace Progressive Jackpot. If your card is not the Ace of Spades, the progressive jackpot grows and that card is removed from the deck, increasing the chances of catching the ace next week.
Weekly draws continue until the Ace of Spades is caught and the Progressive Jackpot is won!
How are the Weekly Prize and Progressive Jackpot determined and won?
The Weekly Prize is 20% of ticket sales collected during a specific draw week. The Chase the Ace Progressive Jackpot is 30% of all ticket sales collected over the course of the multi-week campaign.
Example: If the draw was made for the 10th week of the campaign, and there were $25,000 in ticket sales every week, the total would be $250,000 over the 10 weeks; The Weekly Prize for the 10th week would be $5,000 (20% of $25,000) and would go to the draw winner for week 10.
The Chase the Ace Progressive Jackpot would be at $75,000 (30% of $250,000) and would go to the draw winner for week 10 – if their selected envelope contained the Ace of Spades.
Where does the other 50% of the proceeds raised go?
The other 50% of the proceeds raised supports the Community Foundation of PEI’s Community Impact Fund.