Every week the Lusty Library editors select a favorite story. At the end of each month, one submission is picked from those four to be the Story of the Month.
Near the end of the year, all 12 of the monthly winners are eligible for our annual Best Sexual Intellectual Awards. This yearly contest gives three Story Of The Year Prizes:
* 1st Place: $500 USD
* 2nd Place: $300 USD
* 3rd Place: $100 USD
For more information, see their Submission Guide and their Contest Page (where you'll see that they occassionally run monthly contests too).