A chance at getting a prize has inherent cash value based on the odds and the prize. A 20% chance to win a dollar is worth slightly less than 20 cents.
In order for it to have a cash value it must be redeemable for cash - that's why coupons say "no cash value."
There is no value to this entry ticket because it's not issued through normal channels, it's simply an entry to a special drawing that otherwise would not be held. There's no way you can buy an entry to this drawing with cash.
You have a chance at a prize, yes, but it's just a door prize for showing up and not dying.
A thing can have a value even if it's not redeemable. I'm not saying it officially has a cash value, I'm saying it's actually valuable to that extent. Say the drawing gives you one chance in 10 million to win a million dollars. The actual value of that ticket is about ten cents even if the company isn't willing to give you a dime for it.
I guess to some extent it is.
I see it as more of an extension of the OSST, only the stupid will play.
(post is archived)