Gambling with a Twist: Bank Seeks to Compete with Lottery for Low-Income Dollars

A Virginia bank is trying to induce low-income people to put money into an account at the bank rather than buying lottery tickets by offering them a shot at winning $200 in a monthly jackpot or $5,000 at the end of the year. Customers get one drawing entry for every $25 increase in their account balance. But is this form of gambling legal? (Hint: Due to a new law, yes.) [9/25/15]