I realize each state has it's own laws regarding contests and raffles, But is it illegal to raffle off something say a new car, for $10.00 a ticket or have a contest and keep the profits?
2007-03-15 12:52:49 · 6 answers · asked by harlacan 2 in Politics & Government ➔ Law & Ethics
It would be illegal if they had a raffle (using your example) for a car, and then didn't give out the prize and just kept the raffle money.
If they're just holding some kind of contest that people pay to enter, and the only 'prize' is recognition for the winner, that would be legal.
2007-03-15 12:57:36 · answer #1 · answered by Nadine - Unity CEO 3 · 0⤊ 1⤋
yes - but here is the loop hole. Donate 10% of all profits (-the car, -admin cost, - marketing) to a non-profit agency. Now it is legal.
2007-03-15 12:56:13 · answer #2 · answered by Diane A 5 · 0⤊ 0⤋
probably not as long as the contest rules stipulated that "an administrative fee" may be imposed and there is full disclosure up front
2007-03-15 12:56:44 · answer #3 · answered by John K 3 · 0⤊ 0⤋
No, but you have to obtain licenses and pay certain fees before you do.
2007-03-15 12:57:08 · answer #4 · answered by jim h 6 · 0⤊ 0⤋
yes
2007-03-15 12:56:21 · answer #5 · answered by Anonymous · 0⤊ 0⤋
no it isn't unless it is a scam
2007-03-15 12:57:34 · answer #6 · answered by Brussel T 2 · 0⤊ 0⤋