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Is it legal to run a competition for a large prize in the USA and to make money from it?

By make money online On November 7, 2009 Under Make Money Online

I want to run a competition where the prize will be approximately $300000 or so. I would like to charge people for entry, but I’m not sure if it would be legal for me to do this.
Any help on the matter would br much appreciated!

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2 Comments Add yours

  1. Michael P
    November 7, 2009
    6:09 am

    No but you must talk to a lawyer because i’m sure there’s tons of regulations you must comply with.

  2. Barry C
    November 7, 2009
    6:14 am

    Of course – what do you think “american idol” is if not that?

    there are plenty of regulations though, so don’t just start taking people’s money without getting your legal ducks in a row :)

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