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

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

Authorization of drawings and contests

To offer contests that involve cash prizes in Iowa, you must obtain authorization from the lottery authority board [1.3].

Prizes

The number and amount of prizes for a drawing or contest shall be determined by the lottery and set forth in the specific drawing rules or contest description [1.1]. Cash or merchandise prizes awarded for each game shall not exceed $250 in value, except for jackpot games which are governed by specific standards [2.1]. The maximum prize limit for games of skill, games of chance, and bingo is $950 in merchandise [2.2]. All prizes shall be merchandise, and the value of any prize shall not exceed $950 [2.4].

Claiming prizes

The specific drawing rules or contest description shall set forth the manner in which prizes won shall be claimed [1.2]. Scratch ticket prizes must be claimed within 90 days of the announced end of the scratch game, and instaplay ticket prizes must be claimed within 90 days of the date of sale of the instaplay ticket [3.1].

Entry validation requirements

To be a valid entry, the entry must be a legally acquired nonwinning Iowa lottery ticket identified as an entry for the particular promotion [1.4].

Based on the above information, it is possible to offer contests that involve cash prizes in Iowa, but the prizes must be within the limits set forth by the lottery and the specific rules for claiming prizes must be followed.

Source(s):
Jurisdiction

Iowa