At Hobgood Academy in rural Halifax County, N.C., school officials expect to net about $23,000 instead of the hoped-for $4,000 from a week-long gun raffle held Dec. 6-10.

The event was a smashing success as gun advocates snapped up 2,500 tickets for $10 each—despite criticism that schools and guns are a bad mix.

Doug Abernathy, owner of Doug's Guns in Williamston, which supplied the five guns at their $1,800 cost, said when it...

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