Used attributively (e.g., "raffle ticket") to denote relation to a raffle.
Definitions
rafflenoun
A means of raising money by selling numbered tickets, one or some of which are subsequently drawn at random, the holder or holders of such tickets winning a prize.
The school organized a raffle to raise funds for the new playground equipment.
The act or instance of drawing the winning ticket(s) in such a lottery.
The raffle will take place at noon, so be sure to have your tickets ready.
raffleverb
To offer something as a prize in a raffle.
The school decided to raffle a bicycle to raise funds for the new playground.
To conduct or take part in a raffle, usually for fundraising purposes.
They raffled for the local animal shelter last weekend.