Iowa Code § 99B.15
This is the official text of Iowa Code § 99B.15, part of Iowa’s Code — part of the compiled statutory law of Iowa, published by the state as "Code." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Prizes awarded by licensed qualified organizations.
Official statutory text
(1) Unless otherwise provided, a prize awarded by a licensed qualified organization shall comply with the following requirements:
(1) (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.
(1) (b) A merchandise prize shall not be repurchased.
(1) (c) No prize shall be displayed which cannot be won.
(1) (d) A cash prize may only be awarded in bingo and raffles.
(1) (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
(1) (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.
(1) (b) A merchandise prize shall not be repurchased.
(1) (c) No prize shall be displayed which cannot be won.
(1) (d) A cash prize may only be awarded in bingo and raffles.
(1) (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
Status: in_force · Read it on the official government site
Need a lawyer in Iowa?
Find a Iowa lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.