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Lottery Exceptions

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Now that banks can participate in lotteries, can we facilitate raffles unrelated to the bank for local service groups- post lobby posters or sell tickets for or be a sponsor, etc.?

The American Savings Promotion Act has carved some exceptions into the rules prohibiting participation in a lottery. These are limited and do not expand to causes outside the bank.
Learn more about Andy Zavoina’s, Sweepstakes, Contests and Lotteries, Cans and Can Nots webinar.

First published on 07/02/2023

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