Ask Reggi Your Question Now

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

Can I offer contests that involve charity donations in Nevada? What are the requirements?

Based on the documents provided, you can offer contests that involve charity donations in Nevada. However, there are requirements that you need to comply with.

Requirements for Offering Contests Involving Charity Donations in Nevada

  1. Charity Day Limitation: If you plan to hold a racing event where a portion of the net proceeds and revenues from pari-mutuel racing is contributed to a charitable organization or society, you must comply with the limitation on the number of days in one meet. No licensee shall declare more than five charity days in any one racing meet [1.1].
  2. Registration Requirement: A charitable organization shall not solicit contributions in Nevada unless the charitable organization is registered with the Secretary of State. Each chapter, branch, or affiliate of a charitable organization may register separately. The charitable organization must file the information required by the Secretary of State before soliciting contributions in Nevada [2.1].
  3. License Requirement: If you plan to hold a contest or exhibition of unarmed combat, you must obtain a license from the Commission. The application must be accompanied by an annual fee to be fixed by the Commission on a uniform scale. Before any license is granted, the applicant must file a bond in an amount fixed by the Commission but not less than $10,000, executed by the applicant as principal, and by a corporation qualified under the laws of Nevada as surety, payable to the State of Nevada, and conditioned upon the faithful performance by the applicant of the provisions of this chapter [3.1].
  4. Registration Requirement for Charitable Games: A qualified organization may operate a charitable game without obtaining a license pursuant to NRS 463.160 if the qualified organization is registered by the Chair to operate a charitable game pursuant to NRS 462.150, and the total value of all the prizes offered in charitable games operated by the qualified organization during the same calendar year does not exceed $500,000 [4.1].
  5. Compensation Limitation: A qualified organization shall not compensate any person for the provision of prizes and supplies used in the operation of a charitable lottery or charitable game, except to pay the fair market value of the prizes and supplies necessary for the operation of the charitable lottery or charitable game. A qualified organization shall not provide any additional compensation to a person who is a regular employee of the organization for his or her services in organizing or operating a charitable lottery or charitable game or assisting in the organization or operation of a charitable lottery or charitable game [4.5].

Conclusion

To offer contests that involve charity donations in Nevada, you must comply with the requirements mentioned above. If you have any further questions or concerns, you may want to consult with a legal professional.

Source(s):
Jurisdiction

Nevada