The conduct of bingo games shall be subject to the following restrictions:
A. No person, firm, association, corporation, or organization other than as specified in this chapter shall conduct such game, or shall obtain a lease for or otherwise make available for conducting bingo therein, a hall or other premises, for any consideration whatsoever, direct or indirect.
B. No bingo games shall be held, operated, or conducted on or within any leased premises if rental under such lease is to be paid, wholly or partly, on the basis of a percentage of the receipts or net profits derived from the operation of such game, nor shall the rental under such lease exceed the usual rental for such premises in the same locality.
C. No bingo game shall be held, operated, or conducted if the compensation to any person taking part in the management or operation of such game is based upon a percentage of the receipts or net profits derived from the operation of such game.
D. The entire net proceeds of any game of bingo and of any rental therefor shall be exclusively devoted to the lawful purposes of the organization permitted to conduct the same. Net proceeds for the purposes of this subsection shall mean that amount remaining after expenses for supplies, rental, and prizes awarded to participants are deducted from the gross proceeds of such game.
The willful violation of subsections (A), (B), (C) or (D) above shall be a misdemeanor punishable by a fine of not more than three hundred dollars, or imprisonment for a term of not exceeding ninety days, or both such fine and imprisonment.