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    Tipboard Prizes

    Prize Limit

    The maximum prize which may be awarded for a traditional tipboard ticket is $599 for tickets costing $2 or less, $899 for $3 tipboard tickets, $1,199 for $4 tipboard tickets, and $1,499 for $5 tipboard tickets, not including any cumulative or carryover prizes.

    Cumulative or carryover prizes in tipboard games shall not exceed $2,500. An organization may not sell a traditional tipboard ticket for more than $5.

    For sports tipboards, each chance or ticket may not be sold for more than $10. The maximum prize that may be awarded for a sports tipboard chance or ticket is:
    • $599 for $2 and under sports tipboard chances or tickets;
    • $899 for $3 sports tipboard chances or tickets;
    • $1,199 for $4 sports tipboard chances or tickets;
    • $1,499 for $5 sports tipboard chances or tickets;
    • $1,799 for $6 sports tipboard chances or tickets;
    • $2,099 for $7 sports tipboard chances or tickets;
    • $2,399 for $8 sports tipboard chances or tickets;
    • $2,699 for $9 sports tipboard chances or tickets; and
    • $2,999 for $10 sports tipboard chances or tickets.

    Types of Prizes Allowed

    Prizes for a tipboard game, as designated on the flare, may consist of:

    • cash;
    • gift cards or gift certificates; and
    • merchandise, which includes certificates for merchandise or services.

    Prizes Not Allowed

    • Prizes may not consist of lawful gambling equipment, i.e. paper pull-tabs, tipboard tickets, paddlewheel tickets, raffle tickets, bingo paper, etc.
    • Cash may not be substituted for merchandise prizes, gift cards, certificates for merchandise or services, or gift certificates.
    • Merchandise prizes or certificates are not allowed for a progressive tipboard game.

    Merchandise Prizes

    Donated prize Merchandise prizes may be donated. For donated prizes, the fair market value of the prize must match the value of the prize listed on the tipboard flare.
    Lessor restrictions For a leased premises:
    1. The lessor may donate prizes.
    2. An organization may purchase from the lessor a certificate for merchandise or gift card to be redeemed for food or beverages at the premises if:
      1. the certificate or card has a redeemable monetary cash value;
      2. the certificate or card does not contain restrictions on its redemption, such as requiring a purchase of food or beverage of equal or greater value or redeemable for a specific item;
      3. the certificate or card may be redeemed at any time during regular business hours of the permitted premises; and
      4. the cost to the organization is 50% or less of the redeemable cash value.
      5. the prize value listed on the tipboard flare equals the redeemable cash value of the merchandise or gift card.
    Compliance with prize limit
    • To determine compliance with prize limits, merchandise prizes that are donated or purchased at a discount must be valued at their fair market value.
    • The fair market value of a merchandise prize must not be an amount less than the purchase price.
    • For prizes that are not donated or purchased from the lessor, the value of the prize listed on the tipboard flare must equal the actual amount the organization paid for the prize. For example, if the flare states the prize has a value of $20, you may not purchase meat packages that vary in price from $18 to $22. Order meat packages that cost exactly $20 each.
    Reporting merchandise prizes For purposes of reporting on the monthly LG100A:
    • donated prizes have no value (not reported); and
    • report merchandise prizes at the actual cost plus shipping and sales tax.

    Certificate for Merchandise or Services—Required Information

    A certificate for merchandise or certificate for services awarded as a prize must include:
    • a complete description, including the value, of the merchandise or services;
    • the vendor’s name from whom the certificate must be redeemed; and
    • a statement expressly prohibiting the substitution of cash or another type of merchandise or services described on the certificate.

    Ownership of Prizes Required; Payment

    • For tipboards consisting of 32 tickets or less, merchandise prizes may be paid for up to 30 days after an organization obtains the prize.
    • For all other tipboard games, an organization must pay in full for tipboard prizes or otherwise become the owner without lien or interest of others prior to the conduct of the tipboard game.
    • Purchase merchandise prizes directly from the vendor with a check drawn on the gambling account. For example, an organization may not purchase meat packages from the gambling manager who originally purchased them from a local butcher shop. An organization must purchase the meat packages directly from a vendor.
    • Cash from the game may not be used to pay for merchandise prizes.
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