{"data":{"id":"us-tx/tex.-business-commerce-code-622.052","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 622.052","heading":"PRIZE VALUE LESS THAN $50,000.","body":"(a) This chapter does not apply to a sweepstakes in which the value of the most valuable prize is less than $50,000.\n(b) For purposes of this section, the value of a prize is the greatest of the prize's:\n(1) face value;\n(2) fair market value; or\n(3) present financial value.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.","path":["BUSINESS AND COMMERCE CODE","TITLE 13. CONTESTS AND OTHER PROMOTIONS","CHAPTER 622. SWEEPSTAKES","SUBCHAPTER B. APPLICABILITY OF CHAPTER"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.622.htm#622.052","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"f6710f341b42a5d96c31c0a42c517e8dc41084b6344ac643bbff0dc2f53ecf96","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-622.051","next":"us-tx/tex.-business-commerce-code-622.053"},"notice":"GroundRules: Original legal text. Not legal advice."}