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Can I offer contests that involve travel prizes in Arkansas? What are the requirements?

Yes, it is possible to offer contests that involve travel prizes in Arkansas, subject to certain requirements.

Requirements for Offering Contests with Travel Prizes in Arkansas

  1. Prize Limitations: The total value of prizes offered in a single contest cannot exceed $7,500 [1.1].
  2. Allowable Expenses: Reasonable and necessary expenses incurred for conducting the contest are allowable, including advertising, prizes, and license fees [3.2].
  3. Compensation: No person may be compensated for organizing, promoting, conducting, or administering the contest [3.2].
  4. Control and Supervision: The Secretary of the Department of Finance and Administration has authority over all contests conducted in Arkansas to ensure they are fairly conducted and the proceeds are used for authorized purposes [3.3].
  5. Video Lotteries: The use of video lotteries for any purposes by any institution or facility governed by the Arkansas Horse Racing Law, Arkansas Greyhound Racing Law, or Local Option Horse Racing and Greyhound Racing Electronic Games of Skill Act is prohibited [2.1].

It is important to note that these requirements apply to all contests, not just those with travel prizes. Additionally, there may be other state or federal laws and regulations that must be followed when offering contests with travel prizes.

Therefore, before offering a contest with travel prizes in Arkansas, it is recommended to consult with a legal professional to ensure compliance with all applicable laws and regulations.

[1.1]: ARCO 23-114-408 [2.1]: ARCO 23-115-408 [3.2]: ARCO 23-114-506 [3.3]: ARCO 23-114-201

Source(s):
Jurisdiction

Arkansas