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Can I offer contests that involve website promotions in Wyoming? What are the requirements?

Offering Contests that Involve Website Promotions in Wyoming

Yes, it is possible to offer contests that involve website promotions in Wyoming. However, certain requirements must be met to ensure compliance with the law.

According to WY Stat § 6-7-101, contests of skill, speed, strength, or endurance in which awards are made only to entrants or the owners of entries are exempt from the definition of gambling. Therefore, contests that involve website promotions may be offered in Wyoming as long as they meet the following requirements:

  • The contest must be a bona fide contest of skill, speed, strength, or endurance.
  • Awards must be made only to entrants or the owners of entries.
  • The contest must not involve chance or luck.
  • The contest must not be a form of gambling.

If the contest involves online sports wagering, the operator or vendor must file written notice with the Commission of its intent to offer that tournament, contest, or pool type and obtain approval from the Commission [1.1].

Additional Requirements

If you are planning to offer contests that involve website promotions in Wyoming, you may also need to comply with other requirements depending on the nature of your business. Here are some examples:

  • If you have received an SBIR or Small Business Technology Transfer (STTR) Phase I or II award from a federal agency targeted at the development of qualified research or technologies on or after July 1, 2018, you may be eligible for the Wyoming Business Council’s program. To be eligible, you must agree to provide a report describing in detail your efforts to and success in commercializing the service, product, concept, design, or other marketable asset to be developed with the assistance of State funds [2.1].
  • If you are selling innovative financial products or services, you must keep comprehensive records, including all consumer contact information, agreements, contracts, and subscription records, correspondence between you and the consumer, financial statements, bank account records, and a copy of all advertisements you have used to market your product or service in Wyoming [3.1].
  • If you are a sports wagering operator or sports wagering vendor, you must comply with Internal Revenue Service (IRS) requirements for reporting and withholding proceeds from online sports wagers by patrons and send to patrons subject to IRS reporting or withholding a Form W2-G summarizing the information for tax purposes following a winning wager being deposited into an account. You must also establish procedures to add the names from the Self-Exclusion List and Involuntary Exclusion List into your internal list to exclude from sports wagering, identify and suspend any sports wagering accounts of an individual on the Self-Exclusion List or Involuntary Exclusion List, promptly notify the Commission if an individual on the Self-Exclusion List or Involuntary Exclusion List attempts to place or is discovered to have placed or attempted to place a wager, and refund any remaining balance to an individual on the Self-Exclusion List or Involuntary Exclusion List provided that the sports wagering operator or sports wagering vendor acknowledges that the funds have cleared [1.2][4.1].

In summary, you can offer contests that involve website promotions in Wyoming as long as they meet the requirements outlined above. However, you may also need to comply with additional requirements depending on the nature of your business.

Source(s):
Jurisdiction

Wyoming