2006 Michigan Compiled Laws - Mich. Comp. Laws § 432.110a Conduct of millionaire party.

Sec. 10a.

All of the following apply in the conduct of a millionaire party:

(a) A person less than 18 years of age shall not be permitted to wager.

(b) A wager may not be placed on a contest other than a game of chance taking place at the location and during the time period approved for the event, and in no event shall a wager be placed upon an athletic event or upon a game involving personal skill.

(c) The licensee under the millionaire party license shall be responsible for insuring that the requirements of this section are met.

(d) A qualified organization shall not receive more than $15,000.00 in exchange for imitation money or chips in 1 day of a millionaire party.

(e) A person participating in a millionaire party shall not be awarded prizes having an aggregate value greater than $500.00 per day. The value of raffle, charity game, and numeral game prizes awarded at the millionaire party is not subject to the limitations of this section. A notice of personal limitation on winnings shall be given to the participant or posted at the location of the event.

History: Add. 1976, Act 193, Imd. Eff. July 15, 1976 ;-- Am. 1977, Act 11, Imd. Eff. Apr. 25, 1977 ;-- Am. 1981, Act 229, Imd. Eff. Jan. 12, 1982 ;-- Am. 1999, Act 108, Eff. Mar. 10, 2000
Compiler's Notes: For transfer of the Bureau of State Lottery from the Department of Management and Budget to be an autonomous entity within the Department of Treasury, see E.R.O. No. 1991-2, compiled at § 12.161 of the Michigan Compiled Laws.
Popular Name: Bingo Act