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Can I offer contests that involve entry fees in Colorado? What are the requirements?

Contests with Entry Fees in Colorado

If you plan to offer contests that involve entry fees in Colorado, you may need to obtain a license from the Colorado Lottery Commission and comply with certain rules and regulations [1.1].

Requirements for Obtaining a License

To obtain a license from the Colorado Lottery Commission, you will need to meet certain requirements. For example, you may need to demonstrate that you have the financial resources to operate the contest, that you have a plan for ensuring the integrity of the contest, and that you have a plan for ensuring that the contest is fair to all participants [1.1].

Additional Regulations

Colorado law requires that sweepstakes and contests provide all relevant information necessary to make an informed decision concerning sweepstakes and contests [2.1]. It is also prohibited to engage in, sponsor, produce, judge, or otherwise participate in a publicly exhibited or advertised contest knowing that the contest is not being conducted in compliance with the rules and usages purporting to govern it [3.1].

Conclusion

If you plan to offer contests that involve entry fees in Colorado, it is recommended that you consult with a legal professional to ensure that you are in compliance with all applicable laws and regulations.

Source(s):
Jurisdiction

Colorado