The main difference between a Jpeg and raw file is Jpeg is a Joint Photographic Experts Group (JPEG) file is a lossy raster file format that compresses an image to make the file smaller. JPEG files are some of the most popular and widely used image formats in the world. Photographers can shoot in JPEG mode, while graphic designers, illustrators, and other creatives can edit their work in them. And A RAW file contains all the uncompressed and unprocessed image data captured by the sensors of a digital camera or scanner. They’re also a type of raster file format, but one that maintains lossless quality. RAW files are not images they’re just large files filled with the image data as it was captured.
RAW files are larger than Jpeg.
You need to process and convert a RAW file into a JPEG, TIFF, or another relevant format before you can open and edit it. Software such as Adobe Photoshop Lightroom enables you to process RAW files, edit, and export as, for example, a JPEG or PNG making a copy, so you still have the RAW file with all its detail.
If I am shooting an important event, I am going to shoot in RAW for better quality files and to get the best possible image.