Due to gaming regulations, only Idaho residents can reserve tickets online.
Visit the Tickets page for current Idaho ticket outlets.
The winner must take possession of the house as soon as possible after the drawing, but no
later than Sept. 20, 2024. In order to transfer the title, the winner must satisfy federal income tax
responsibilities related to winning the home. Just prior to the drawing, the NIC Foundation has
the home appraised by a third party to establish the prize value. Prizes are considered income
and are subject to federal and state income tax. Taxes are based on the value of the prize and
in some cases on the winner’s income tax rate and may vary for each individual based on their
current situation.
For the house and the car, the current federal tax burden is 24% of the value of the prize. For
example, a home with an appraised value of $563,000 will create a tax due of $135,120. A car
with a value of $32,000 would create a tax due of $7,680. This amount can generally be
financed by the winner. At closing, the NIC Foundation pays closing fees, property taxes and
dues through the closing date. Once the home is transferred, the winner is responsible for all
future taxes and expenses typical of home ownership.
Join our mailing list! We send out two brochures each year that detail the aspects of the Really BIG Raffle. If you have purchased a ticket in the past two years, you will automatically receive these mailings.
For 2024 the house is the grand prize followed by three major prizes. The first prize is a 2024 new car valued at $32,000. The second prize is a home furnishings gift card with a $2,000 value. The third prize is a smoker and BBQ meat package valued at $1,500.