Sec. 8. "Verifiable retail value" means: (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 (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. IC 24-8-3 Chapter 3. Notice 24-8-3-1 Delivery 24-8-3-2 Names and addresses 24-8-3-3 Statement of verifiable retail value of prizes 24-8-3-4 Statement of odds 24-8-3-5 Location and size of statement of verifiable retail value and odds 24-8-3-6 Attendance at sales presentation 24-8-3-7 Additional purchases 24-8-3-8 Eligibility limitations 24-8-3-9 Presentation of winning ticket necessary 24-8-3-10 Applicability of chapter to certain book, record, video, and magazine promotions
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