(a) Generally. A commercial bingo licensee may issue merchandise, coins, currency, tokens, or tickets redeemable in cash or merchandise, or other things of value as a prize or award to the players. The value of a prize or award other than cash shall be determined by its fair market value.
(b) Value. A prize or award having an aggregate value in excess of $1,200 may not be awarded to the winner or winners of a single game, except that:
(1) each session a licensee may offer one or more games with an aggregate prize limit of $300,000;
(2) a licensee may offer a progressive game or games with an aggregate prize limit of $100,000 and may exceed that limit only with prior written approval by the Director; and
(3) a linked bingo game provider may offer a linked bingo game with a prize equal to the sum of the maximum aggregate prize permitted for each participating licensee.
(1985 Code, Art. 16, §2-315) (Bill No. 96-91; Bill No. 10-02; Bill No. 9-05; Bill No. 12-07)