(A) Amount. Prizes for a single bingo game shall not exceed $100, except prizes for a game of the type commonly known as “coverall” game. “Coverall” prizes may exceed $100; provided that, the aggregated value of such prizes for a bingo occasion shall not exceed $500. The aggregate value of prizes for a bingo occasion shall not exceed $2,500; except that, in the case of a bingo occasion during which a “coverall” game is played for a maximum prize of more than $100, but less than $500, the aggregate value of prizes for the bingo occasion shall not exceed $3,000. Merchandise prizes shall be valued at fair market retail value.
(B) Delivery of prizes. Each bingo winner shall be determined and every prize shall be awarded and delivered the same day on which the bingo occasion is conducted.
(1978 Code, § 504.08)