• An organization who holds a Bingo License must establish and maintain one regular checking account designated for and listed as the "Bingo Account."
• All funds collected from bingo sessions, excluding the amount of funds which are awarded in cash prizes, must be deposited into the bingo checking account. Evidence of the deposit must be provided no later than the next business day following the day the bingo session occured.
  
• Other funds may not be deposited into the bingo checking account, unless there is a deficit, in which case a loan or donation can be deposited. These loans and donations must be made in accordance with SC Code Section 12-21-4090(C) of the Bingo Tax Act and each loan and donation must be documented.
• All expenses related to the charitable bingo operation must be paid from the bingo checking account.
• Funds from the bingo checking account must be withdrawn by preprinted, consecutively numbered checks, jointly signed by a properly authorized representative of the licensed nonprofit organization and promoter. 
• Checks must show all of the following details:
• "Bingo Account" must be pre-printed on the check.
  
• The organization's Bingo License number must be on the front of the check.
  
• The memo line must show what the payment is for on the front of the check.
  
• The organization must control and oversee all deposits, transfers, and disbursements from a bingo checking account, including payment of compensation to the promoter, promoter's employees, and the organization's employees working the bingo games.
• More information related to bing checking accounts can be found in 12-21-4080 and 12-21-4090 of the Bingo Tax Act.​
  

This section does not apply to Class F or Class D licenses.

• The SCDOR will make monthly distributions, in the form of a refund, to nonprofit organizations who hold a Bingo License. 
• The monthly distribution must not be used for charitable organizations located outside of South Carolina.
• The monthly distribution is 28% of the tax paid for bingo paper the month prior and is issued by the end of the following month. The distribution of 28% of this revenue does not apply to holders of a Class F License and a Catawba Indian Special License.
  
• The monthly distribution received by the nonprofit organization from the SCDOR must be deposited into a separate banking account and maintained separately from bingo funds and the bingo checking account referenced above.​
  

• Promoters must file an Application for Bingo Promoter's License (L-2057) with the SCDOR and pay the $1,000 license fee. The application and fee are due every year to renew the license.
• A promoter may have up to five licenses under contract with five separate nonprofit organizations.
• A promoter must live in South Carolina for three years before applying for a license.
• A promoter is required to notify SCDOR within 30 days of any change in the information they supplied on the application.
• A promoter’s licenses cannot be transferred to another person, organization, entity, or corporation.
• The promoter must submit to a background investigation performed by the SCDOR. Any person with any of the following offenses is not permitted to manage or conduct a game or assist in any manner with the Bingo operation:
  
• convicted within the last 20 years of violating a state or federal criminal statute relating to gaming or gambling
  
• convicted of any other crime that has a sentence of two or more years
  
• whose promoter's license has been revoked by the SCDOR (if applicable)​