Illinois Department of Revenue
 
 
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What are the restrictions and limitations of cash prizes?

 
 
Answer #833 -- ( Published 02/28/2012 04:16 PM | Updated 08/08/2012 10:01 AM )

What are the restrictions and limitations of cash prizes?

All charitable games approved through the Charitable Games Act must be played using chips, scrip, or play money.  Cash may never be used to wager on any of the games.  Upon completion of play, a participant may redeem his chips, scrip, or play money in exchange for prizes.  A participant may not exchange his chips, scrip, or play money for a cash prize (s) exceeding $250.00.  There is no limit on the amount of noncash prizes.

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