Reading more about this National Bible Bee, has some disturbing aspects to it. It appears many of the children had a lust for money and it was big money for the winners, some other reward needs to given and/or a lot less money!
1 Timothy 6 10 For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith, and pierced themselves with many a pang. 11 But flee from these things, you man of God; and pursue righteousness, godliness, faith, love, perseverance and gentleness.---NASB
I'm glad to see that the students could pick from 5 different versions of the Bible to do their competition, very good, I would assume that perhaps the winner used one with a lot of dynamic equivalence such as the NKJV? Admittedly it would be easier to memorize from than the excellent ... NASB