(a) Individual prize limit.--Except as provided under subsections (d) and (d.1), the maximum prize which may be awarded for any single chance shall be $2,000.

(b) Aggregate prize limit.--No more than $35,000 in prizes shall be awarded from games of chance by a licensed eligible organization in any seven-day period.

(c) Raffle prize limit.--Up to $15,000 in prizes may be awarded in raffles in any calendar month.

(c.1) Total limit.--All prizes awarded under this section shall be subject to the aggregate prize limits under subsection (b).

(d) Exception for raffles.--Notwithstanding subsection (b) or (c), a licensed eligible organization may conduct a raffle under section 308¹ and award a prize or prizes valued in excess of $3,000 each only under the following conditions:

(d.1) Additional award.--A volunteer fire, ambulance, rescue or conservation organization may, in addition to the total under subsection (d)(4), award up to $100,000 from raffles which shall not be subject to the aggregate limit under subsection (b), (c) or (d).

(e) Deleted by 2012, Feb. 2, P.L. 7, No. 2, § 6, effective in 30 days [March 5, 2012].

(f) Daily drawing carryover.--The prize limitation contained in subsections (a) and (b) may be exceeded by a daily drawing under the following circumstances: a daily drawing may award a prize in excess of $2,000 if such prize is the result of a carryover of a drawing which resulted from the winning number in such drawing not being among the eligible entrants in such drawings. Nothing contained herein shall authorize the prize limitation as contained in subsections (a) and (b) to be exceeded as a result of a failure to conduct a drawing on an operating day during which chances were sold for a daily drawing or for a daily drawing for which chances were sold in excess of $1 or for which more than one chance was sold to an eligible participant.

(g) Additional exception.--When a daily drawing or weekly drawing is set up or conducted in such a manner as to pay out or award 100% of the gross revenues generated from such drawing, the limitation contained in subsection (b) shall not apply.

(h) Weekly drawing carryover exception.--Weekly drawings shall be governed by the prize limitation contained in subsection (b). The prize limitation contained in subsection (b) may be exceeded by a weekly drawing under the following circumstances: a weekly drawing may award a prize where the cash value is in excess of $35,000 if such prize is the result of a carryover of a drawing or drawings which resulted from the winning number or numbers in such drawing or drawings not being among the eligible entrants in such drawings. Nothing contained in this chapter shall authorize the prize limitation under subsection (b) to be exceeded as a result of a failure to conduct a drawing for a week during which chances were sold for a weekly drawing or for a weekly drawing for which chances were sold in excess of $1.

(i) Concurrent operation.--Nothing under this act shall prohibit the concurrent operation of daily or weekly drawings.