Drawing on data gathered from adolescents (N = 18,991) in the 2011 National Survey on Drug Use and Health (NSDUH), this study examined the effects of sex and race, as well as measures of student activity levels and frequency of recognition from parents, on perceptions of the risks associated with binge drinking. Overall, female, Black, Asian, and Hispanic adolescents, as well as individuals who indicated belonging to more than one race, perceived higher levels of risk. Male, White, and Native American/Alaskan/Pacific Islander respondents perceived lower risk levels. In addition, those who participated the most in school and community activities, as well as those who received more frequent recognition from parents, estimated higher levels of risk associated with binge drinking.