(2) Except as provided in paragraph (3) of this subsection, not more than one bingo license may be issued to a single organization in a single calendar week.

(3) A license to conduct bingo is valid:

(i) for 24 consecutive hours; or

(ii) if the license is issued for use in conjunction with and at a carnival, during carnival hours, and for the shorter of the duration of the carnival or 14 consecutive days.

(b) A money prize for a bingo game may not exceed:

(1) $500; or

(2) $1,000 for a jackpot.

(c) An instant bingo game may be sold and played only at the location listed on the license.

(d) A minor may not sell or play instant bingo.

(e) A license to operate a paddle wheel shall also operate as a license to conduct bingo, if authorized by the sheriff on request.