N.Y. Comp. Codes R. & Regs. tit. 19 § 132.4
Current through Register Vol. 46, No. 22, May 29, 2024
Where prizewinning objects are distributed to retail establishments in a substantially uniform ratio to the number of participating objects or entries, the total value of prizes offered may be calculated as:
A = (N/T) (V) + P
where A is the amount of the bond to be posted or trust account to be maintained;
N is the total number of objects distributed in New York or the projected number of entries from New York;
T is the total number of objects distributed or the projected number of entries in the game;
V is the total retail value of all prizes offered; and
P1, P2, P3, P4, and P5 are respectively the retail values of the first, second, third, fourth and fifth largest prizes.
N.Y. Comp. Codes R. & Regs. Tit. 19 § 132.4