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

Requirements for Offering Contests with Cash Prizes in Oklahoma

Based on the documents provided, you can offer contests that involve cash prizes in Oklahoma, but there are requirements that you need to follow.

  • Retailers are required to pay prizes $600.00 or under during their normal business hours. Retailers are encouraged to pay in cash, but they may pay mid-tier prizes ($25.01 to $600) with a business check or money order if this is disclosed in advance to the claimant. [1.1]
  • The Oklahoma Lottery Commission (OLC) may authorize designated retailers to pay prizes up to five-thousand dollars ($5,000.00), without regard to where the ticket or share was purchased, after performing validation procedures appropriate to the game and as specified by the Board. [1.1]
  • Before attempting to validate a ticket, the Retailer should instruct the Claimant to print their name on the back of the ticket and sign their name in the space provided. [1.1]
  • Retailer must establish that the ticket is a winning ticket by using the OLC validation procedures/system. If the retailer does not receive the appropriate authorization to pay, the ticket should be returned to the claimant with instructions to file a claim with OLC. [1.1]
  • For prizes greater than $600, retailers will provide claimants with OLC claim forms, if available, or direct them to an authorized claim center, the OLC office, or the OLC website. [1.1]
  • Any person or persons claiming a lottery prize exceeding Six Hundred Dollars ($600.00) shall provide the Commission with their name, address, social security number, and sufficient valid identification as proof of the same prior to payment of the prize by the Commission. [2.4]
  • No ticket or share shall be purchased by and no prize shall be paid to any member of the board of trustees of the Oklahoma Lottery Commission, any officer or employee of the Commission, or to any spouse, child, brother, sister, or parent residing as a member of the same household in the principal place of residence of any such person. [2.4]

Additionally, the Oklahoma Lottery Commission shall be self-sustaining and self-funded. Monies in the General Revenue Fund shall not be used or obligated to pay the expenses of the Commission or prizes of the lottery, and no claim for the payment of an expense of the lottery or prizes of the lottery may be made against any monies other than monies credited to the Oklahoma Education Lottery Revolving Fund. [2.1]

Therefore, if you want to offer contests with cash prizes in Oklahoma, you need to ensure that you follow the above requirements and that the funding for the prizes comes from the Oklahoma Education Lottery Revolving Fund.

Source(s):
Jurisdiction

Oklahoma