Catch The Ace gamble paying off
“This is such an exciting new event – there’s huge potential for Catch The Ace to become the biggest local lottery our community has ever seen.”
Expectations were high when Phil Cloutier made that statement last fall as the then-president of the Alexandria and District Chamber of Commerce President announced the launch of the Catch The Ace progressive raffle.
While it may not have attained its full potential, the draw is “doing very well,” Mr. Cloutier reported at the chamber’s recent annual meeting.
Launched in October, as of December 31, 2018, Catch The Ace had generated $16,476 in revenues while expenditures totalled $12,000.
The chamber and Community Living Glengarry organize the weekly draws. Two prizes up for grabs each week: a weekly prize, handed out automatically to the person whose ticket is drawn, and a progressive jackpot that grows every week until the Ace of Spades is caught.
Tickets are sold at The Atlantic Pub and Eatery and at B&B Food Market. Draws are held every Thursday at 6:30 p.m. at The Atlantic.
The weekly winner automatically takes home 20 per cent of ticket sales for that week and a chance to find the Ace of Spades and win the progressive jackpot. The winner tries to pick the Ace of Spades from a standard deck of 52 cards.
If the winner picks any other card, that card is destroyed, the game keeps going and the progressive jackpot continues to build, with no limit on how high it can go.
Tickets are $5 each with a limit of four tickets that can be purchased at any one time. There are 300 tickets available to be purLast year, the chamber made a total of $19,971 in donations from its Nevada fundraising account. That was a large increase from the $9,355 it contributed in 2017. Recipients included the Lions Club, the Curling Club, the Glens junior hockey team, Glengarry District High School, École secondaire catholique Le Relais and the snowsuit fund.
Financial statements show the chamber recorded a $12,207 deficit, compared to a deficit of $8,285 recorded at the end of the 2017 fiscal year.
Revenues decreased from $40,824 to $26,107 while expenditures dipped from $49,109 to $38,314.
Membership revenues plunged to $1,400 from $12,532 while profits from the Nevada ticket sales decreased from $17,227 to $7,564.
Phil Cloutier chased each week plus any unsold tickets from the previous week.