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Value of writing contests - haven't seen a GR discussion on this topic in a while
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Whether or not it's "worth it" is a subjective matter. My sales are decent, although (like most authors) I can't quit my day job. The majority of books never sell more than 100 copies; runaway bestsellers are a rarity. So, no ... there is no "guarantee an author can escape from obscurity," regardless ... but it is another item on your CV/platform that is worth having.
/my 2 cents

Sharon, thanks for your response. I've never heard the judge side of the coin before. I don't doubt that the judges work very hard to evaluate the quality of the submissions they receive. I was just wondering if the tangible benefit to the author was worth the price. There are so many of these awards that you can find on the internet that it's very easy to spend hundreds of dollars. I wanted to know if other authors out there have entered these contests and if the return on investment was worth it.
If there are some contests out there that people feel overwhelmingly positive about, I'd like to hear about their experience.

I love contests. :)

Then you can also enter the Readers' Favorite International Book Award contest which they hold yearly. On September 1 the winners were announced for 2015. I was so please to earn Honorable Mention in Romance/Christian for "The Union of the North and the South.'"
I believe the cost to enter this contest was well worth it for me. As a result I have gotten to have articles in newspapers, an ad in a national magazine, and standing among readers. Having someone review my book outside of my friends and family has given me credibility which has been well worth it. Also Readers' Favorite has a great website which you are part of forever if you either earn a four or five star seal. If you win the award it is listed that you are an Award Winner by your name. I have used Readers' Favorite web site as a place to find good books I would like to read as well.

Look into who is running a given contest. How long have they been doing it? Who were the winners -- can you find the prizewinner anywhere, or did they award the prize to their younger brother? Are they supported or sponsored by any entity, like a college or a writers' group, or is it from somebody out of left field?
You might consult one of the blogs or websites that keep an eye upon writer scams. Sad to say, there are some real scuzzbags out there. SFWA runs Writer Beware, for instance: http://www.sfwa.org/other-resources/f...

Thanks to all for their feedback.
Has anyone out there entered any of the "fee-based" contests and, if you won anything as a result, has it amounted to any significant increase in sales? In other words, was it worth it???
On the flip side, I was looking at names of past winners of the Amazon ABNA and L. Ron Hubbard's Writers of the Future, and very few of those people have produced much else that I would consider noteworthy (sure, there are exceptions). So does that mean that even winning a highly recognized contest does not guarantee an author can escape from obscurity?
There is no single formula for success, but the lure of all those contests, some mediocre perhaps, is still difficult to resist. Wait, one of the prizes is a bunch of stickers? Oh, my God, where do I sign up? (Someone please slap me out of it.)