Ask Reggi Your Question Now

Reggi is the free generative AI assistance for regulatory compliance
Ask a Question

Can I offer contests that involve cash prizes in Indiana? What are the requirements?

Here are the requirements for offering contests that involve cash prizes in Indiana:

Requirements for offering contests with cash prizes in Indiana

Indiana law requires that promoters of contests with cash prizes disclose the prize to participants before the contest begins [1.1]. Additionally, the verifiable retail value of each prize a participant has been awarded or may have been awarded must be stated in the notice [1.3].

If the prize described in the contest is not available, the person who is to receive the prize shall be given the option of choosing one of the following: a prize of equal or greater value, the verifiable retail value of the prize in cash or by a valid check, or a voucher, certificate, or other evidence of obligation stating that the prize will be shipped to the person within thirty days at no cost to the person [3.1].

Conclusion

In summary, to offer contests with cash prizes in Indiana, promoters must disclose the prize to participants before the contest begins, state the verifiable retail value of each prize, and provide options for unavailable prizes.

Source(s):
Jurisdiction

Indiana