{"data":{"id":"us-in/ic-24-8-2-8","jurisdiction":"us-in","citation":"IC 24-8-2-8","heading":"\"Verifiable retail value\" defined","body":"Sec. 8. \"Verifiable retail value\" means:\n(1) a price at which a promoter or sponsor can demonstrate that a substantial number of prizes have been sold at retail by a person other than the promoter or sponsor; or\n(2) if substantiation described in this section is not available to a promoter or sponsor, no more than one and one-half (1.5) times the amount a promoter or sponsor paid for a prize.","path":["TITLE 24. TRADE REGULATION","ARTICLE 8. PROMOTIONAL GIFTS AND CONTESTS","Chapter 2. Definitions"],"source_url":"https://iga.in.gov/ic/2026/Title_24.html#24-8-2-8","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-04T18:50:41Z","sha256":"3a5bc28dbb5e7d689800b7a41708102991718283928f92dbdaf4c13f28d99e0d","source_id":"us-in","stale":false,"prev":"us-in/ic-24-8-2-7","next":"us-in/ic-24-8-3-1"},"notice":"GroundRules: Original legal text. Not legal advice."}