Iowa Admin. Code r. 481-100.11

Current through Register Vol. 47, No. 5, September 4, 2024

Rule 481-100.11 - Prizes

Prizes are governed by the following standards.

(1)Amusement concession licensees. The maximum prize limit for games of skill, games of chance and bingo is $950 in merchandise.

(2)Qualified organizations. The following table provides prize limits for types of gambling conducted by qualified organizations.

Type of gambling	Prize limits
Games of skill and games of chance	$10,000 in merchandise
Very small raffle	Cumulative value of cash prizes is $1,000 or less; or purchased merchandise is $1,000 or less; or donated merchandise is $5,000 or less
Small raffle	Cumulative value of all cash and prizes is more than $1,000 but not more than $10,000
Large raffle	Cumulative value of cash and prizes is more than $10,000 but not more than $100,000
Very large raffle	Cumulative value of cash and prizes is more than $100,000 but not more than $200,000; or the prize is real property
Single bingo game	Up to $250 cash or merchandise
Bingo jackpot	$1,000 cash or merchandise maximum on first jackpot in 24-hour period; $2,500 cash or merchandise maximum on second jackpot in 24-hour period (see Iowa Code section 99B.21(2)"d")

(3)Annual game night. An individual shall not spend more than $250 for entrance fees and wagers. Cash and merchandise may be awarded in an aggregate amount not to exceed $10,000. No participant shall win more than a total of $5,000.

Iowa Admin. Code r. 481-100.11

Amended by IAB September 26, 2018/Volume XLI, Number 7, effective 10/31/2018