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File state registrations & surety bonds
We take care of all required state registrations and acquire surety bonds when needed.
If you are running a game of chance promotion and the total retail value of the prizes exceeds $5,000, you’re required to register your promotion with the respective state agencies in New York and Florida . Rhode Island also requires registration when the cumulative value of prizes is $500 or more. We register your promotion in all the required states in line with all the registration deadlines, which are different for every state.
If you’re running a game of chance promotion that features $5,000+ in prizes, you must provide surety bonds in the amount of $5,000+ for the states NY and FL . This protects their residents by making sure that the prizes advertised will be awarded.
In addition to registration, we also acquire the required surety bonds and file requisite forms and filing fees to New York and Florida. After the promotion has ended and the prizes have been awarded, we then submit a list of confirmed winners to all the required states to satisfy reporting requirements.
Benefit:
Our experience with the state laws and requirements for promotions guarantees that your promotion will meet all the registration requirements before it begins. By filling out the state registration forms and acquiring the surety bonds on time, we remove any confusion or problems you might have if you were to try to complete these steps yourself and avoid hefty state fines.
How do I comply with state’s promotion registration requirements?
Promotion Activators manages all promotion state registration requirements . And, we deliver within 24 hours as needed.
If you are running a game of chance promotion and the cumulative retail value of prizes exceeds $5,000, you’re required to register your promotion with the respective agencies in New York and Florida. Rhode Island requires registration when the cumulative value of prizes exceeds $500. What is a “game of chance”? A game of chance is a promotion in which winners aren’t determined based on a demonstrated skill. Examples include sweepstakes and instant-win games.
The deadlines for registration are different for each state. In Florida, the filing deadline is 7 days prior to the start of the promotion. In New York, the deadline is 30 days.
In addition to registration, you will also be required to provide a surety bond in New York and Florida. There is a registration requirement in the state of Rhode Island but they do not require a surety bond.
After the promotion has ended and the prizes have been awarded, a list of confirmed winners is submitted by Promotion Activators to Rhode Island, New York, and Florida to satisfy their reporting requirements.
Note: It is possible that you qualify for a bond waiver in the state of Florida if you’ve sponsored promotions and bonded/registered there for 5 successive years without incident but a registration is still required.
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