Can A Business Refuse To Award A $5,000 Prize If Only One Eligible Person Enters Its Contest?

Location: Florida.
I recently entered a skill-based promotional contest hosted by a major entertainment venue in Florida. The advertised prize was a VIP experience valued at approximately $3,000 plus a $2,000 credit.
The contest ran from October 5 through November 1, 2026. Participants were required to create an original video following specific requirements and post it publicly on social media.
The official rules explicitly state that one winner “will be selected” based on creativity, originality, and connection to the contest’s theme.
Here’s where things get interesting:
The rules contain no minimum number of submissions required for a winner to be selected.
The cancellation provisions appear limited to extraordinary circumstances, such as natural disasters, venue closures, or events beyond the sponsor’s control.
Employees and affiliates are explicitly prohibited from entering.
Multiple independent people checked the contest hashtag throughout the promotional period. The only visible submissions were mine and videos from employees or the venue itself.
My submission appears to meet all published eligibility and entry requirements.
The rules include a mandatory arbitration clause and a provision limiting liability to $100, despite advertising a prize worth approximately $5,000.
The contest officially ended November 1, and the rules state that the potential winner would be notified on or about November 2.
I have not received notification yet, although I understand the notification date is approximate.
My legal questions:
If I’m the only eligible entrant, can the sponsor legally refuse to select a winner when its rules explicitly state that one “will be selected”?
Can a sponsor decline to award a prize due to low participation when the rules contain no minimum submission requirement?
Could refusing to award the prize without a valid reason constitute breach of contract or violate Florida consumer protection laws?
Can the sponsor enforce a $100 liability cap if it fails to follow its own published contest rules?
If the event passes, could I pursue a comparable VIP experience through arbitration instead of monetary damages?
I’m not claiming I’ve won or that the sponsor has violated anything yet. I’m simply trying to understand my rights if they refuse to select a winner.
I have preserved screenshots of the rules, my submission, and the publicly visible entries.
My goal isn’t financial compensation. I simply want the prize that was advertised, or a comparable experience if the original event has passed.
Any insight from someone familiar with Florida promotional contest laws or contract law would be appreciated.