A prize draw is a promotional event where participants have the chance to win prizes by entering their names or tickets into a random selection process. These draws can be organized by businesses, charities, or individuals to attract attention, increase engagement, or raise funds. Participants usually enter by purchasing a ticket or completing a specific action, such as signing up for a newsletter. Winners are typically chosen at random, and the results are announced publicly to ensure transparency. Prizes can vary widely, ranging from small items like gift cards to larger rewards such as vacations or cash. Prize draws are popular in many contexts, including lotteries, raffles, and sweepstakes.