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North Dakota Century Code Title 53. Sports and Amusements § 53-11-01. Definitions

Current as of January 01, 2024 | Updated by Findlaw Staff

As used in this chapter, unless the context otherwise requires:

1. “Prize” means an item or service of value that is offered or awarded to a participant in a real or purported contest, competition, sweepstakes, puzzle, drawing, scheme, plan, or other selection process.

2. “Retail value” of a prize means:

a. A price at which the sponsor can substantiate that a substantial number of the prizes have been sold to the public in this state during the preceding year; or

b. If the sponsor is unable to satisfy the requirement in subdivision a, then no more than one and one-half times the amount the sponsor paid or would pay for the prize in a bona fide purchase from an unaffiliated seller.

3. “Sponsor” means a person that requires another person in this state to pay money as a condition of awarding the person a prize, or as a condition of allowing the person to receive, use, compete for, or obtain information about a prize, or that creates the reasonable impression that such a payment is required.

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Cite this article: FindLaw.com - North Dakota Century Code Title 53. Sports and Amusements § 53-11-01. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-53-sports-and-amusements/nd-cent-code-sect-53-11-01/

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