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Possible Duplicates:
How does the bounty system work?
Why can't a user have simultaneous bounties any more?

I wanted to offer a bounty on this question of mine, but I can't. Is this because I already have an outstanding bounty on another question?

Update

It has been confirmed that only one bounty at-a-time is allowed. My next question is why?

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From the FAQ:

There can only be 1 active bounty per question and per user at any given time.

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Yes, from the bounty faq, "You can only have one open bounty at any one time."

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