The sheriff may not issue to a single organization in 1 calendar year more than 12 licenses for paddle wheels. Except as provided in paragraph (3) of this subsection, not more than one paddle wheel license or bingo license may be issued to a single organization in a single calendar week. A license to operate paddle wheels 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 paddle wheel game may not exceed $10. A license to operate a paddle wheel shall also operate as a license to conduct bingo, if authorized by the sheriff on request.