{"data":{"id":"us-ia/iowa-code-99b.15","jurisdiction":"us-ia","citation":"Iowa Code § 99B.15","heading":"Prizes awarded by licensed qualified organizations.","body":"1. Unless otherwise provided, a prize awarded by a licensed qualified organization shall comply with the following requirements:\na. 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.\nb. A merchandise prize shall not be repurchased.\nc. No prize shall be displayed which cannot be won.\nd. A cash prize may only be awarded in bingo and raffles.\ne. 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.\n2. 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.","path":["Title III - PUBLIC SERVICES AND REGULATION (Ch. 80 - 122C)","Chapter 99B - SOCIAL AND CHARITABLE GAMBLING","Subchapter II - QUALIFIED ORGANIZATIONS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/99B.15.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:02Z","sha256":"55dade438a1c617b8cda1072fec7417f57f6badace2212337ecb755ff9f8ed34","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-99b.14","next":"us-ia/iowa-code-99b.16"},"notice":"GroundRules: Original legal text. Not legal advice."}