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Can I offer contests that involve travel prizes in Colorado? What are the requirements?
To offer contests that involve travel prizes in Colorado, you must comply with the state’s laws and regulations regarding prizes and contests. According to [1.1], the right to a prize is not assignable, except in certain circumstances, such as payment to the estate of a deceased prizewinner or pursuant to a voluntary assignment of the right to receive future annual prize payments made through an appropriate judicial order. Additionally, the Colorado Lottery requires the holder of a Prize-Winning Jackpot Ticket of $600.00 or more, or their authorized representative, to complete a claim form and submit the completed form and ticket to the Colorado Lottery [2.1].
It is important to note that travel prizes may have additional requirements, such as compliance with federal laws and regulations. Therefore, it is recommended that you consult with a legal professional to ensure that your contests comply with all applicable laws and regulations.
Source(s):
- [1.1] Prizes.
- [2.1] Payment of Prizes
Jurisdiction
Colorado