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(a) A bingo prize shall not have a value of more than one thousand dollars ($1,000) for a single game.
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(b) For the total prizes of all games of bingo, a licensed authorized organization shall not offer or award during a single bingo session prizes with an aggregate value of more than seven thousand five hundred dollars ($7,500).
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(c)
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(1) A licensed authorized organization shall not award or offer to award a door prize with a value of more than two hundred fifty dollars ($250) per bingo session.
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(2) The value of the door prize under subdivision (c)(1) of this section shall not accrue against the bingo session prize limitation of seven thousand five hundred dollars ($7,500).
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(d)
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(1) A bingo prize, other than cash, may be merchandise with a recognized wholesale cost not to exceed one thousand dollars ($1,000).
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(2) A copy of the receipt for merchandise under subdivision (d)(1) of this section shall be maintained in the licensed authorized organization’s bingo records.
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(e)
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(1) Except as otherwise provided in subdivision (e)(2) of this section, the total value of raffle prizes in a calendar year shall not exceed fifty thousand dollars ($50,000).
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(2) If the prizes were donated to the licensed authorized organization, the total value of raffle prizes in a calendar year shall not exceed one hundred thousand dollars ($100,000), except as applicable to a temporary license to conduct a raffle under § 23-114-302(b)(3).
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(f)
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(1) A raffle prize shall not exceed five thousand dollars ($5,000) in cash.
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(2) As used in this subsection, “cash” means coins, paper currency, or a negotiable instrument that represents and is readily convertible to coins or paper currency.
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