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Late last year, a new Missouri law went into effect that allows banks and credit unions to sponsor certain savings promotion programs for their customers. Under these programs, by opening a new savings account or depositing a specified amount of money into an account that is already open, customers will have a chance to win prizes. READ MORE
I have never understood why otherwise sane people would want to enter an Ironman triathlon. An Ironman requires you to swim 2.4 miles, bike 112 miles, and then run a 26.2 marathon, all within 17 hours. READ MORE
Because sweepstakes and contests are such a popular marketing strategy, many industries develop promotions specifically tied to their products. For the world of sports trading cards, one popular promotion is the “box break.” READ MORE
When I hear the words “grab bag,” I think about stores that used to stock plain wrapped packages labeled as either for “boys” or “girls." For a dollar, you could choose one of these packages without knowing what it contained. READ MORE
If sweepstakes law had Ten Commandments, the first would be “thou shall not require anyone to make a purchase in order to enter a sweepstakes.” Doing so could violate the gambling laws in virtually every state in the country. READ MORE
I thought I’d take a break from our Sweepstakes Boot Camp series to look back at the most popular Sweepstakes Law Blog posts over the last year. I ran the analytics on our site, and the results are illuminating. READ MORE
Three elements must be present — chance, prize, and consideration — for a sweepstakes to be illegal. In most instances, sweepstakes sponsors can avoid concerns about illegal gambling by eliminating consideration. READ MORE
Virtually all state laws define illegal gambling as having three basic elements – prize, chance and consideration. The job of sweepstakes creators is to eliminate one or more of these elements from every sweepstakes they prepare. READ MORE
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