Abstract: A ticket making apparatus includes a feed mechanism and a perforating assembly set within a housing that has an opening through which tickets are dispensed. The perforating assembly perforates a flexible material to define individual tickets. The apparatus can also include a slicer assembly to slice the flexible material into strips of tickets. The apparatus can also include a printing mechanism for adding print to the flexible material. A method for making tickets includes feeding a flexible material into a perforating assembly and dispensing the perforated material as a plurality of tickets. The method can also include synchronizing the flexible material to the rotation of the perforating assembly, slicing the flexible material into strips of tickets, and printing on the flexible material.