The amount of allowable cash withdrawal from a bingo account for the purpose of paying cash prizes.
Impact
The implications of AB113 are significant for bingo operators and players alike. By permitting higher cash prize amounts to be paid out directly in cash, the bill could enhance the attractiveness of bingo games, potentially inviting more participants and increasing revenue for bingo operators. This change may also reduce administrative burdens associated with processing larger checks, facilitating smoother transactions during bingo events.
Summary
Assembly Bill 113 aims to amend current regulations concerning cash withdrawals from bingo accounts in the state of Wisconsin. The bill specifically seeks to increase the allowable cash prize amount per winner in a bingo game when multiple players emerge as winners. Under existing law, if a cash prize is divided among several winners and each share amounts to $10 or less, the total cash prize can be issued as a check made out to cash. AB113 proposes to raise this limit from $10 to $25 per winner, thereby allowing larger cash prizes to be distributed in this manner.
Contention
Discussions around AB113 may raise points of contention regarding the regulation of gambling and cash handling in gaming activities. Some stakeholders might voice concerns over the potential for increased gambling-related issues or the management of cash prizes, while supporters could argue this amendment promotes fair play and enhances participant enjoyment. Further debates are likely to focus on the potential economic benefits for local charities and organizations that typically operate bingo games as fundraising activities.
Provides relative to the allowable amount of promotional play offered by certain gaming operators and for deductions regarding promotional play. (7/1/26)
Provides for the allowable amount of promotional play offered by certain gaming operators and for deductions regarding promotional play (EG1 -$974,000 GF RV See Note)