Three states require sweepstakes registration and bonding in order to run a promotion in those states. If your sweepstakes meets certain criteria, you must register and bond to make your sweepstakes legal in New York, Florida, and Rhode Island.
As a Sweepstakes Company, here is a breakdown of the sweepstakes registration and bonding requirements for each of these states.
New York State requires companies to register a sweepstakes if the prize being given or the pool of all prizes combined away is worth more than $5,000 retail value. A surety bond must also be obtained for the amount of the prize value.
Make sure to register your sweepstakes at least 7 days prior to the sweepstakes start date. You must also submit a winners list to the State of New York within 90 days after your sweepstakes end date.
As Sweepstakes Administrators we can help provide the services needed to bond and register your sweepstakes in New York.
If your sweepstakes prize or all prizes combined has a total prize with an Approximate Retail Value (ARV) of $5,000 or more and the sweepstakes is open to residents of Florida, you must register your sweepstakes with the state.
You will be required to submit a copy of the Official Rules, obtain a surety bond, and open a trust account with the state to ensure that the prize money is available to the prize winner.
The state of Florida requires that you register and bond your sweepstakes at least 7 days prior to the start date of your promotion. After your sweepstakes ends, you must also submit an official winners list to the state within 60 days.
We know Sweepstakes Laws and can help provide the services needed to bond and register your sweepstakes in Florida.
Rhode Island’s threshold for sweepstakes registration and bonding is lower than other states, namely for sweepstakes offered at retail establishments. If you plan to run an in-store sweepstakes promotion in Rhode Island, with prizes that are valued at $500 or more, you must register your sweepstakes with the state. This requirement only applies if the entrant must go to your brick and mortar location in order to enter the sweepstakes. In other words, the Sponsor must have a retail location in the state of RI for this requirement to apply.
Rhode Island does not require you to obtain a surety bond or file a winners list with the state. However, you must keep information identifying the winners of your contest for up to 6 months after the promotion’s end date.
Do Skills-based Contests Need Sweepstakes Registration and Bonding?
Contests in which the quality of the entries will be evaluated in order for a winner to be selected (e.g. photo contest or writing contest, games not based on chance) do not require bonding and registration in New York, Florida or Rhode Island.