Frequently Asked Questions
Please view the list of FAQs below.
What is the Grand Prize?
The 2024 Dream House
A captivating Mediterranean-style villa majestically perched atop Malaga Cove or $5,000,000 is just a $150 raffle ticket away for the lucky winner of the 2024 Palos Verdes Dream House Raffle. The first and oldest house raffle licensed in California, proceeds help fund Palos Verdes Art Center and their commitment to keep art education and exhibition available, accessible, and affordable to all for the last 93 years.
This year’s Dream House offers unparalleled vistas of the city, coastline, and the illustrious Queen’s Necklace. Located on one of the area’s most sought-after streets, this 3,919 sq. ft. house has 3 bedrooms, 4 baths, and wide-planked walnut floors throughout to tie in the wood-arched windows and interior French doors. Luxury touches include a gourmet kitchen, saltwater pool, rejuvenating spa, 4-car garage, temperature-controlled wine cellar, and a covered outdoor patio and kitchen perfect for hosting al fresco gatherings with breathtaking views.
Who can buy a raffle ticket?
Anyone 18 years of age or older may purchase a ticket. Employees and members of the Board of Trustees of PVAC and Harrington Group, their spouses and children are excluded from participating. Any offer to participate is void where prohibited by law.
Do I have to be present at the drawing(s) to win?
No. You do not need to be present to win.
What happens to the proceeds generated by the raffle?
Proceeds from the 2024 Palos Verdes Dream House Raffle benefit the Palos Verdes Art Center/Beverly G. Alpay Center for Arts Education for children and adults. The mission of the Palos Verdes Art Center is to “inspire adults and children to create, appreciate and celebrate art.” Since 1931, its exhibition, education, and outreach programs have made the arts available, accessible, and affordable for the economically and ethnically diverse South Bay community of Los Angeles County, CA. Wide-ranging programs and exhibitions engage everyone from toddlers to seniors. Free art exhibitions, studio art classes, and workshops, school-based art education, and community events are some of the Palos Verdes Art Center’s most significant offerings.
How does the raffle benefit Palos Verdes Art Center?
The funds generated help the Palos Verdes Art Center fund exhibition, education, and outreach programs making visual arts available, accessible and affordable.
Has the advertised Grand Prize been awarded in previous years?
Yes! The Palos Verdes Art Center’s Dream House Raffle has given away the advertised Grand Prize Seven Times and the Winner has picked the Palos Verdes Home Twice with over $18,000,000 in cash and prizes awarded in the previous 20 house raffles! The Palos Verdes Art Center is one of the few house raffles to actually give away a house or the Grand Prize Cash prize.
How will winners be notified?
The name listed on the ticket will be notified by phone, email and U.S. mail using the contact info provided on the entry form.
Is my raffle ticket tax-deductible?
No. The IRS position is that amounts paid for chances to win in raffles, lotteries, or similar drawings for valuable prizes are wagers, and consequently do not qualify as deductible charitable contributions.
What if I don’t like, or I am unable to accept the prize I win? Is there a cash alternative?
GRAND PRIZE OPTIONS: If fewer than 60,000 tickets (excluding Add-On Tickets) are sold as of midnight Friday, June 21, 2024, the raffle will be held as scheduled, and all prizes other than the Grand Prize will be awarded as advertised; but the Grand Prize Winner, instead of the choices advertised, will have the right to choose between (a) a sum equal to 50% of the Net Raffle Proceeds payable as a 25-year annuity in 300 monthly installments, not to exceed $5,000,000, or (b) a one-time cash payment equal to 70% of the amount described in the foregoing option (a), in each case, less withholding for federal and/or state income taxes.
If at least 60,000 tickets (excluding Add-On Tickets) are sold by the Friday, June 21, 2024 deadline, the Grand Prize winner will be entitled to select one of the following: (a) the 2024 Dream House or (b) a 25-year annuity of $5,000,000 payable in 300 monthly installments or (c) a one-time cash payment of $3,500,000. The Grand Prize winner must make the selection in writing from among the three alternative prizes no later than 3:00 p.m. June 30, 2024. Such choice is in the winner’s sole discretion. If the home is not available due to circumstances outside of the control of PVAC, as determined by PVAC, such prize shall not be available to the winner and the winner will instead only have the choice to choose between the 25-year $5,000,000 annuity of monthly installments or a one-time cash payment of $3,500,000. The Grand Prize winner is strongly urged to seek professional legal and accounting advice on the tax effects of election as to the respective choices.
Can I be entered into all drawings?
There will be two Early Bird Drawings held prior to the Grand Prize drawing. You will be eligible for the Early Bird #1 Drawing if your ticket is purchased by Midnight, Friday, May 24, 2024, and you will be eligible for the Early Bird #2 Drawing if your ticket is purchased by Midnight, Friday, June 7, 2024. The Grand Prize drawing eligibility requires that you purchase your ticket by Midnight, Friday, June 21, 2023. Should you win any of the previous drawings, your ticket is placed back in the drum for subsequent drawings.
When are the ticket purchase deadlines and drawings?
EARLY BIRD # 1 Ticket Purchase Deadline: Friday, May 24, 2024 Midnight (PT), Drawing: Friday, May 31, 2024, 5:30pm (PT)
EARLY BIRD # 2 Ticket Purchase Deadline: Friday, June 7, 2024, Midnight (PT), Drawing: Friday, June 14, 2024, 5:30pm (PT)
GRAND PRIZE Ticket Purchase Deadline: Friday, June 21, 2024, Midnight (PT), Drawing: Friday, June 28, 2024, 5:30pm (PT)
How much does a raffle ticket cost?
Raffle tickets are $150 each, 3-packs for $400, or 5-packs for $600.
Add-on Tickets, a new offering, are separate tickets that can only be purchased in conjunction with a primary raffle ticket. Add-On Tickets are one for $20, 3-pack for $50 or 6-pack for $75.
Prize: Five Weekly $10,000 prizes for a total of $50,000 in prizes available. Buy by Friday, May 24, 2024 to be entered in all 5 drawings.
Bonus Tickets must be purchased in conjunction with your raffle ticket. Prizes paid from non-raffle funds.
How many raffle tickets will be sold?
No more than 62,000 raffle tickets will be issued, only 60,000 tickets must be sold to give away the Grand Prize. There is no limit on the number of Add-On Tickets for sale.
How many tickets can I buy?
You may purchase as many available tickets as you wish.
How do I purchase tickets?
To purchase tickets, call 833-604-1604 24 hours-a-day, seven-days-a-week, or download the order form from CADreamRaffle.com and fax it to 310-541-9520 or deliver it to Palos Verdes Art Center, 5504 Crestridge Road, Rancho Palos Verdes, California 90275. Entries must include payment or credit card information (Visa, MasterCard, Discover or American Express) to be eligible. Email orders will not be accepted. Cash accepted via walk-ins only.
When will I get my ticket(s)?
As soon as your payment clears, your ticket(s) will be processed. All corresponding ticket stubs will be entered into the raffle drum and you will receive a ticket(s) receipt in the mail. Please allow four weeks for delivery. All tickets purchased before an entry deadline are included in a drawing even if the purchaser’s ticket receipt(s) arrives in the mail after the drawing date. Your ticket receipt is not required to prove winning status.
What are the Early Bird and Bonus Drawings and how do I qualify?
To reward early participants, If a ticket(s) is purchased on or before Midnight, Friday, May 24, 2024, it is automatically entered into the Early Bird #1 Drawing for a new 2024 Toyota Prius or $25,000 cash. Eligibility for Early Bird #2 Drawing requires a ticket be purchased on or before Midnight, Friday, June 7, 2024; this drawing includes a new 2024 Lucid Air or $50,000 cash prize. All tickets are automatically entered into all upcoming drawings remaining from the time of purchase to conclusion of the 2024 Palos Verdes Dream House Raffle campaign, including the Final Drawings and Grand Prize Drawing.
What are the Multiple Ticket Drawings and how do I qualify for them?
Each Multiple Ticket Drawing is an incentive drawing for ticket buyers who purchase more than one ticket. The earlier participants enter, the more Multiple Ticket Drawings they are entered into, and thus the more prizes they are eligible for. As soon as you purchase two or more tickets at the same time, ALL your tickets with identical names and addresses go into the additional Multiple Ticket Drawings (if the purchase deadline dates are met). You will be eligible for not only the Multiple Ticket drawing(s), but the two Early Bird Drawings and Grand Prize Drawings, as well. If you purchase two or more tickets by the first Multiple Ticket Deadline on May 24, 2024, your tickets will be entered in all three Multiple Ticket Drawings and all other drawings.
Can you tell me where the home is located?
The Raffle House is located in Palos Verdes Estates, CA. For security and safety of the home and owners, we will not announce the address at this time.