The total value of cash and merchandise prizes awarded for a bingo game may not exceed $1,000. The total value of cash and merchandise prizes awarded during a session of bingo may not exceed $5,000. The value of a merchandise prize, including a donated prize, is the fair market value of the merchandise.

(Eff. 7/30/94, Register 131; am 11/10/96, Register 140; am 1/1/2003, Register 164)

Authority: AS 05.15.060, AS 05.15.100, AS 05.15.180