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Can I offer contests that involve travel prizes in Ohio? What are the requirements?
Yes, you can offer contests that involve travel prizes in Ohio. However, you must comply with the general fantasy contest licensing requirements outlined in OHAC Rule 3772-74-06 [2.1]. Additionally, any lottery prize awards with a value that meets or exceeds the reportable winnings amounts set by 26 U.S.C. 6041, or a subsequent analogous section of the Internal Revenue Code, shall not be claimed by or paid to any person until the name, address, and social security number of each beneficial owner of the prize award are documented for the commission [4.1].
Source(s):
- [2.1] General fantasy contest licensing requirements.
- [4.1] Claiming of prizes - unclaimed lottery prizes fund.
Jurisdiction
Ohio