Monday, November 30, 2009

Bingo-games changes sought in Va. | Richmond Times-Dispatch

Bingo-games changes sought in Va. | Richmond Times-Dispatch: "Winner-take-all games leave less of a profit for the organization than progressive games, in which the prize grows but the winner does not take it all.

'This has been the biggest change in charitable gaming in at least a decade to help charities make more money,' said Matt Benka, lobbyist for the Virginia Charitable Bingo Association, which claims about 70 members.

Under state law, a charitable organization must use a minimum of 10 percent of its gross proceeds for the charitable purposes for which it was organized, and each year many organizations fall short of the threshold."

No comments: