No person shall have in his possession, knowingly, any ticket, certificate, bill, slip, token, paper, writing, or other device used, or to be used, or adapted, devised, or designed for the purpose of playing, carrying on, or conducting any lottery, or the game or device commonly known as policy lottery or policy. Upon conviction for violation of Subsection (a) above, he shall be fined for each offense not more than Five Hundred Dollars ($500.00) or be imprisoned for not more than six (6) months or both.