(a) A person shall not knowingly make:
(1) A material false statement in an application for a license or proposal to conduct a lottery; or
(2) A material false entry in any book or record that is compiled, maintained, or submitted to or for the benefit of the Office of the Arkansas Lottery.
(b)
(1) A person who violates this section is guilty of a Class D felony.
(2) A person convicted for violating subsection (a) of this section is subject to an additional fine of not more than twenty-five thousand dollars ($25,000) or the dollar amount of the material false entry or material false statement, whichever is greater.