99B.15 Prizes awarded by licensed qualified organizations.
1. Unless otherwise provided, a prize awarded by a licensed qualified organization shall comply with the following requirements:
a. Only merchandise prizes whose value does not exceed ten thousand dollars may be awarded for games of skill and games of chance. If a prize consists of more than one item, unit, or part, the aggregate value of all items, units, or parts shall not exceed ten thousand dollars.
b. A merchandise prize shall not be repurchased.
c. No prize shall be displayed which cannot be won.
d. A cash prize may only be awarded in bingo and raffles.
e. A prize shall be distributed on the day the prize is won, except that if the winner is not present, notification to the winner shall be made as soon as practical.
2. A licensed qualified organization awarding a prize for bingo is subject to the restrictions provided in section 99B.21. A licensed qualified organization awarding a prize for a raffle is subject to the restrictions provided in section 99B.24.
2015 Acts, ch 99, §32, 56
Former §99B.15 transferred to §99B.4;
2015 Acts, ch 99, §56
Structure Iowa Code
Title III - PUBLIC SERVICES AND REGULATION
Chapter 99B - SOCIAL AND CHARITABLE GAMBLING
Section 99B.2 - Administrative rules.
Section 99B.3 - License denial, suspension, and revocation.
Section 99B.5 - Allowable forms for payment.
Section 99B.6 - Attorney general and county attorney — prosecution.
Section 99B.7 - Division of criminal investigation.
Section 99B.8 - Tax on prizes.
Section 99B.9A - Exceptions for certain areas.
Section 99B.10 - Electrical and mechanical amusement devices — penalties.
Section 99B.12 - Qualified organization licenses — general provisions — types of licenses.
Section 99B.13 - Licensed qualified organizations — general requirements.
Section 99B.14 - Distribution of proceeds — licensed qualified organizations.
Section 99B.15 - Prizes awarded by licensed qualified organizations.
Section 99B.16 - Records and reports — licensed qualified organization.
Section 99B.18 - Company games.
Section 99B.22 - Bingo conducted at a fair or community festival.
Section 99B.23 - Bingo — licensing exception.
Section 99B.25 - Electronic raffles.
Section 99B.27 - Card game tournaments conducted by qualified organizations representing veterans.
Section 99B.31 - Amusement concessions.
Section 99B.42 - Social gambling general requirements.
Section 99B.43 - Social gambling in licensed alcohol establishments.
Section 99B.44 - Social gambling in public places.
Section 99B.45 - Social gambling between individuals.
Section 99B.52 - Electrical or mechanical amusement devices.
Section 99B.53 - Electrical or mechanical amusement devices — registration required.
Section 99B.54 - Electrical or mechanical amusement devices — criminal penalties.
Section 99B.58 - Electrical or mechanical amusement devices — special fund.