Legal Question in Business Law in Texas
Cash Prize
Is it legal to charge admittance to compete in a game of skill against other paying people. FOr example: If I were to hold a chess tournament and charge to compete. Could I then give away a cash prize to the winner of the tournament? Is this legal? Considered gambling? Thank you for your help.
Asked on 6/06/07, 12:45 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Cash Prize
Yes, yes, and no. A contest of skill isn't gambling.
Answered on 6/06/07, 2:52 pm
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