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How to Register a Sweepstakes in New York

 

Register a Sweepstakes in New York

As you have read in previous blog posts, sometimes you have to register your sweepstakes with certain states if the approximate retail value “ARV” of all prizes offered is over a certain amount. The states of New York and Florida require registration and bonding when the total ARV exceeds $5,000; and the state of Rhode Island requires registration only if the ARV is over $500. You do not have to register a contest in the state of New York.

Registering a sweepstakes in the state of New York is relatively easy compared to Florida. In order to register a sweepstakes in New York you need to submit a filing fee along with a completed NY registration form. Like Florida, this paperwork must also include a copy of the final full official rules, as well as submitting a surety bond or opening a trust account. Unlike Florida, New York does not offer waiver status. All of this needs to be submitted 30 days prior to the start date of your promotion. If you register after the 30 days you could receive a fine of $1000.

The amount of the surety bond or trust account submitted to the state of New York must be in the amount covering the entire prize structure offering. This account is set up so that in case the Sponsor is not able  to fulfill the prizes offered to the winners, the state can take the money from this account and fulfill all legitimate prize claims. Marden-Kane can handle this on your behalf.

Once registered with New York they will send out a confirmation letter letting you know that the sweepstakes has been registered. This letter contains a code that is specific to your sweepstakes that we need to include on all correspondence with New York. After the sweepstakes has ended you have 60 days from the drawing date to submit an official winners list to the state of New York. If you can’t get all the winners within the 60 days you can file for an extension, which is usually another 60 days. After you submit the winner’s list to the state of New York, they will send back a letter letting you know that you can close your surety bond or trust account  with your financial institution.

If you need assistance, feel free to contact us and we can help you register your next sweepstakes.

To read more posts by Marden-Kane, please visit our main blog page .

 

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