HT to SayUncle on this one.
It is officially gambling for a furniture store to run a promotion that relieves customers of their obligation to pay for furniture purchased at their store if Memphis wins the NCAA Championship.
First of all, I can’t see how this promotion is actually gambling since the furniture would have the same market value the customer paid whether Memphis wins or not.
However, I can also see how anything like this would be considered gambling/wagering, since the State has not found a way to monopolize these type promotions (yet).
Oh, and even if Memphis wins, feel free to come pick up the love seat any time.