8. The Legalized Games of Chance Control Commission shall determine the amount for any 1 game which shall be charged or accepted by any licensee from any 1 player or participant as an entry fee or payment for the privilege of participating therein. No prize or prizes shall be offered or given in any single game except of merchandise and the amount of the value of the merchandise prize or prizes so to be offered and given in any such game shall be determined by the commission and all winners shall be determined and all prizes shall be awarded in any game forthwith upon the completion of the game and before making or accepting any charge for participation in any subsequent game.
The commission shall make the determination pursuant to this section after a public hearing has been held thereon and subject to the provisions of P.L.1981, c. 27 (C.52:14B-4.1 et seq.).