Is it legal to own online gaming tournament website?

Full question:

I am planing to start an online gaming tournament website and wanted to know how it would be legal for me to charge players an entry fee without it being considered gambling.

  • Category: Internet
  • Date:
  • State: New York

Answer:

Please see the information at the following links:


http://definitions.uslegal.com/g/gambling/

http://www.gambling-law-us.com/State-Laws/New-York/

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

The cost to host a gaming tournament can vary widely based on several factors. These include the platform used, the size of the tournament, prize money, marketing expenses, and any necessary licenses or permits. On average, costs can range from a few hundred to several thousand dollars. It's important to budget for technology, promotional efforts, and potential venue fees if applicable.