Prizes are governed by the following standards.
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") |
Iowa Admin. Code r. 481-100.11