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Can I offer contests that involve non-cash prizes in New York? What are the requirements?
Based on the provided context, it appears that contests involving non-cash prizes are not explicitly covered under the section of the law cited [2.1][3.1][4.1][5.1][2.2][5.2][5.3][2.3]. However, it is important to note that there may be other laws or regulations that apply to such contests in New York.
According to [2.2], no licensee shall offer, distribute or give any prize consisting of real estate or an interest therein, bonds, shares of stock, securities or evidence of indebtedness, or any merchandise refundable in any of the foregoing. Additionally, [2.3] states that no single prize in any casino-type game of chance shall exceed the sum or value of $300.
It is recommended that you consult with a legal professional to ensure compliance with all applicable laws and regulations regarding contests involving non-cash prizes in New York.
Source(s):
- [2.1] Sale of New York State Lottery tickets.
- [3.1] Payment of prizes to persons under 18 years of age.
- [4.1] Charge for admission and participation; amount of prizes; award of prizes
- [5.1] Prize funds.
- [2.2] Property not permitted as prizes.
- [5.2] Prize funds.
- [5.3] Prize funds.
- [2.3] Maximum value of prizes offered.
Jurisdiction
New York