The sheriff may not issue to a single organization in 1 calendar year more than 52 bingo licenses. Except as provided in paragraph (3) of this subsection, not more than one bingo license may be issued to a single organization in a single calendar week. A license to conduct bingo is valid: for 24 consecutive hours; or if the license is issued for use in conjunction with and at a carnival, during carnival hours, and for the shorter of the duration of the carnival or 14 consecutive days. A money prize for a bingo game may not exceed: $500; or $1,000 for a jackpot. An instant bingo game may be sold and played only at the location listed on the license. A minor may not sell or play instant bingo. A license to operate a paddle wheel shall also operate as a license to conduct bingo, if authorized by the sheriff on request.