Ask Reggi Your Question Now

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

Can I offer contests that involve non-cash prizes in Minnesota? What are the requirements?

Here are the requirements for offering contests that involve non-cash prizes in Minnesota:

Requirements for Offering Contests with Non-Cash Prizes in Minnesota

Minnesota law allows for the establishment of special drawings, bonuses, or additional prizes [1.1]. However, the law does not provide specific requirements for offering contests with non-cash prizes.

To ensure compliance with Minnesota law, it is recommended that contest organizers follow these general guidelines:

  1. Eligibility: Contests should be open only to residents of Minnesota who have maintained a legal residence in the state for a minimum of 60 days immediately preceding the entry deadline for the contest [3.1].
  2. Entry Period: The entry period for each contest should be prescribed in a notice published in the State Register at least 30 days prior to the beginning of the contest entry period [3.1].
  3. Entry Restrictions: A person may submit only one entry per year for each type of contest [3.1].
  4. Entry Forms: Entry forms provided by the department must be used and can be obtained by contacting the department as prescribed in the contest entry notice [3.1].
  5. Receipt of Entries: Entries for each contest will be accepted only during the contest entry period. Entries must be received by the department by 4:00 p.m. on the last day of the contest entry period. Late or early entries will not be accepted [3.1].
  6. Reproduction Rights: A person winning a contest will receive no financial remuneration from the state. The reproduction rights agreement required with the submission of a contest entry will require the contest winner to agree to grant the department the exclusive rights to use the contest entry as the design for the applicable stamp and for use of the stamp image on commercial products produced or licensed by the department [3.1].
  7. Unclaimed Prizes: Unclaimed prize money on a winning ticket will be retained by the lottery for payment to the person entitled to the prize for one year after the drawing in which the prize was won or for one year after the announced end of the game. If no claim is made within that time, the prize money will be used pursuant to law and the holder of the winning ticket shall have no further claim to the prize [1.4].
  8. Claiming a Prize: Prizes over $599 must be paid by filing a claim form provided by the lottery. The claimant shall prepare and submit a claim form and the apparent winning ticket to a lottery office for processing [1.6].
  9. Prizes Payable Over Time: If the prize is payable in installments over a definite period of time, consisting of at least ten years, the winner may elect to receive a single cash payment equal to the present value of the prize that is payable over a definite period of time, in lieu of receiving payment of the prize in installments, if the person notifies the lottery within 60 days of becoming entitled to the prize [1.2].
  10. Assignability of Prizes: Prizes in the lottery are not assignable except if the prize winner dies before the prize is paid, the director shall pay the prize as required under law; or pursuant to an appropriate court order, which order shall not include an order issued to enforce or approve an agreement between a prize winner and any third party where the prize winner has agreed to transfer future prize payments to a third party in exchange for consideration [1.5].

If you have any further questions or concerns, it is recommended that you consult with a legal professional.

Source(s):
Jurisdiction

Minnesota