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

Based on the additional context documents, it appears that the Missouri Lottery may award prizes other than cash or its equivalent such as cars, trips, and other merchandise [1.2]. However, it is important to note that the Missouri State Lottery Commission requires the claiming of any prize subject to tax withholding or reporting requirements to be on claim forms designated by the director [1.3].

Regarding contests involving non-cash prizes, it is recommended that you consult with legal counsel to determine the specific requirements for offering such contests in Missouri. However, it is important to note that fantasy sports contests conducted under Missouri law are exempt from chapter 572 and do not constitute gambling for any purpose [3.1]. Additionally, if the person entitled to a prize is under the age of eighteen years or is a disabled adult person, the payment of the prize shall be made by delivery of a check or draft payable to the order of the minor’s or disabled adult person’s conservator, if any. If the minor or disabled adult person does not have a conservator, payments not over ten thousand dollars may be made to a guardian, an adult member of the person’s family, or a financial institution as custodian for the minor under the Missouri transfers to minors law, or as custodian for the disabled adult person under the Missouri personal custodian law [3.2].

Therefore, it is recommended that you consult with legal counsel to determine the specific requirements for offering contests involving non-cash prizes in Missouri.

Source(s):
Jurisdiction

Missouri