Ever Try A Raffle?

I was thinking about raffling off some names.

So, I would predefine the number of "Tickets" or "Entries". Each ticket would be a dollar or two or three.

The winner is drawn. The winner receives the domain.

Here's an example…

I raffle a 4L.com. I will accept up to 100 entries at $3 each.

Raffle held in 1 week.

Someone wins a 4L for possibly only $3.

Could this work?

Ever Try A Raffle?