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“Cashing Out” Devices

Prizes of less than $600 are paid instantly by automatically adding cash credit to the handheld device. 

If cash credit remains on the device when the player discontinues playing, the player brings the device to the seller. The seller then pays the player for the value of the cash credit on the device. 

prize receipt form is required for cashing out $600 or more. This amount is per cash out and not cumulative of a person’s winnings throughout the day. 

For a linked bingo prize of $600 or more: 

  • The organization has the winner complete a winner verification form
  • The organization furnishes the winner with applicable federal and state tax forms, and collects completed federal and state tax forms, if any. 
  • The organization provides the electronic linked bingo game provider with the completed winner verification form. 
  • The winner is paid by check directly from the linked bingo game provider within three business days of verification of the winning bingo. 
  • The organization maintains documentation for 3½ years. 

If a handheld device has any cash credits remaining on it that were not redeemed by the end of the day’s activity, the unredeemed cash credits revert to the organization.

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