Wisconsin Statutes 563.63 – Bingo account
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Terms Used In Wisconsin Statutes 563.63
- Bingo: as used in this chapter shall not mean any game using free cards and donated prizes, if any, for which no payment of consideration is made by participants. See Wisconsin Statutes 563.03
- Bingo occasion: means a single gathering or session at which a series of successive bingo games is played. See Wisconsin Statutes 563.03
- Bingo supplies and equipment: means all cards, boards, sheets, markers, pads or other supplies, devices or equipment designed for use in the play of bingo. See Wisconsin Statutes 563.03
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
- Gross receipts: means total receipts received from the conduct of bingo including, but not limited to, receipts from the sale, rental or use of regular bingo cards, extra regular cards, special bingo cards and bingo supplies. See Wisconsin Statutes 563.03
- Licensed organization: means an organization licensed under this chapter to conduct bingo. See Wisconsin Statutes 563.03
- Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
- State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
(1) Each licensed organization shall maintain one account which shall be designated as the “bingo account” and which shall be a regular or interest-bearing checking, share draft or negotiable order of withdrawal account from which canceled checks, share drafts or negotiable orders of withdrawal, or microfilm copies of any of them, may be obtained. All gross receipts derived from the conduct of bingo shall be deposited into the bingo account. No other receipts may be deposited in a bingo account. Deposits shall be made within 5 days following the date of a bingo occasion. All accounts shall be maintained in a financial institution located in this state.
(2)
(a) All withdrawals from the bingo account shall be by checks or other drafts having preprinted consecutive numbers, signed by the duly authorized person and made payable to a specific person. Except as permitted in par. (b), no such check or other draft shall be issued payable to “cash” or to “bearer”.
(b) If more than one player is declared to be the winner on the call of the same number in the same bingo game and an equal division of the cash prize is $10 or less for each winner, a check for the game total prize may be issued to “Cash-Game #-” and the winners paid with cash from that check.
(3) Checks or other drafts drawn on the bingo account shall be for one or more of the following purposes:
(a) The payment of necessary and reasonable expenses incurred in connection with the conduct of bingo, including prizes, bingo supplies and equipment, utilities, license fees and taxes.
(b) Proper and legitimate expenditures.
(5) Gross receipts derived from the conduct of bingo shall not be commingled with any other funds of the licensed organization. Except as permitted by sub. (3) (b), no part of such receipts shall be transferred to any other account maintained by the licensed organization.