The allure of prizes offered in a sweepstakes promotion can be an effective means of attracting consumers to a brand and/or its specific products/services. This is especially true when the prize in question involves tickets/admission to a highly sought-after live event. Before proceeding with such a promotion, however, businesses must address certain specific considerations relevant […]
Live Event Sweepstakes Considerations Read More »
On April 11, 2024, New York Senator Joe Addabbo introduced a bill proposing major changes to New York’s fantasy sports law. S9044 seeks to alter the landscape of fantasy sports contests in New York in several ways. As our readers are aware, last October, the New York State Gaming Commission (the “Commission”) adopted New York
New York Senator Introduces Novel Fantasy Sports Law Amendments Read More »
Sweepstakes promotions can be valuable tools for businesses seeking to attract new customers. Unlike static ads, newsletter sign-ups and other basic website registration forms, sweepstakes incentivize consumers to provide their information to businesses by offering entrants the chance to win prizes. As noted, sweepstakes can be a viable means for building a customer database. However,
Why You Need A Privacy Policy for Your Sweepstakes Promotion Read More »
On April 4, 2024, the Consumer Financial Protection Bureau (“CFPB”) issued a report (the “Report”) examining the potential risk to consumer assets and data in the online video game and virtual world spaces. The CFPB gaming Report was preliminary in nature, but highlighted three specific trends and risks. The release of the CFPB gaming Report
CFPB Targeting Gaming Industry? Read More »
Multiple Sweepstakes Documents Required In preparing to conduct a sweepstakes promotion, the first step often involves the sweepstakes operator hiring an attorney to draft a set of Contest Rules that will govern the promotion. While it makes sense to begin with the rules, the process should not end there. Sweepstakes and promotional contests require an
Sweepstakes Documents – More than Just the Rules Read More »
For those following the state of Fantasy Sports in Florida, it is quite apparent that entering the market continues to be fraught with uncertainty and risk. Last September, Mr. Lou Trombetta, the Executive Director of the Florida Gaming Control Commission (“GCC”), sent cease and desist letters to three companies that were allegedly “offering and accepting
Uncertainty Looms Over Florida Fantasy Sports Landscape Read More »
On August 8, 2023, PENN Entertainment (“PENN”) and ESPN announced a groundbreaking sports gambling licensing arrangement. In exchange for $1.5 billion cash and additional stock warrants, ESPN will grant PENN the exclusive right to use ESPN’s trademark for its United States sports gambling operation. The arrangement will last ten years, with an option to extend
ESPN’s Giant Sports Gambling Licensing Deal Read More »
In late August, DraftKings was fined $94,440 in Maryland for allegedly advertising to underage fantasy sports players. A little over one month later, PointsBet was fined $25,000 in New Jersey for undisclosed gambling advertising violations. It is admittedly difficult for gambling advertising companies to manage compliance with numerous and differing regulations across state lines. However,
Gambling Advertising and the Law Read More »