What if our organization does not have current funds to cover the cost of all prizes being offered?

The total cost of all prizes must be guaranteed before a licence is issued. The LGA will accept an organization’s current bank statement, an irrevocable standby letter of credit from a financial institution (sample) or proof of purchase for any merchandise prize. The LGA will not accept a third party guarantee for prizes. Evidence of sufficient funds is not required if all prizes being offered are based on a percentage of sales or if all prizes are being donated.