In drawing up a budget, all the expenses that will
be incurred must first be determined and a specific amount is
allotted for each of the expenses, including the cash prize. When
all of the probable expenses are tabulated, then the potential
revenues or income are computed and the viability of the undertaking
is assessed as to whether to pursue the tournament or adjust the
budgetary requirements.
Example of expense items are:
• Prize money
• Awards (trophies, medals, etc.)
• Sound system rental
• Venue rental
• Tournament Director’s fee
• Flyers / brochures
• Event streamer/s
• Press releases
• Set-up expenses such as dartboards, dart stands etc.
• Ingress and egress expenses
Example of revenue items are:
• Sponsorships
• Entry fees
• Others such as sales from food and drinks and other miscellaneous
items