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Lottery Bond

  • Lottery bonds for all credit types
  • Low rates on lottery bonds in all states
  • Fast approvals and secure application
  • Bonds by A-rated and T-listed bonding companies

lottery and lotto bond

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What is a Lottery Bond?

A lottery bond, also known as a lotto bond, is a surety bond required by most states of individuals or businesses who operate lottery equipment, or sell lottery tickets to the public.

The bond serves as a guarantee that the bond holder will operate in accordance with state regulations for sellers of lottery tickets and operators of lottery equipment, and will do so honestly and fairly. It also guarantees that they will pay all due taxes to the state lottery upon sale of tickets.

Furthermore, when getting bonded in some states, businesses also pledge to comply with additional regulations. This could include providing informational gaming materials at their establishment, allocating and maintaining funds to pay prizes up to a specific amount, and notifying the relevant persons in the case of lottery machine malfunction as soon as possible.

Lottery bonds are meant to protect the public and the state from individuals who are dishonest, mishandle funds, do not pay the necessary taxes, tamper with lottery equipment or otherwise cause financial harm to customers.

Like all surety bonds, lottery bonds are a form of agreement between three sides:

  • A principal - the individual selling tickets or operating lottery equipment
  • An obligee - the Lottery Commission
  • A surety - the guarantor of the bond

If the principal gives the obligee a legitimate reason to file a claim against their surety bond, the surety bond company has to address this issue and pay compensation to the obligee(s) for any financial harm they’ve suffered. In other words, the surety bond offers financial protection and compensation to obligees in cases of dishonest business practices.

The surety bond also includes an indemnity agreement, which obliges the principal to repay the surety in full if a claim is filed against their bond.

Questions about Lottery Bonds

Who needs to obtain a lottery bond?

Lottery bonds are necessary to all those who sell lottery tickets or operate lottery equipment. Most states require operators or sellers to obtain a surety bond, so make sure to check with your Department of Revenue Lottery Commission, Lottery Corporation, State Lottery Agency, or other respective institution for more details.

Are there different types of lottery bonds?

While these bonds may sometimes be called “lotto bonds” or “lottery machine bonds,” they are, in effect, the very same bonds.

There are differences in the amounts of the bonds, though, which vary from state to state.

How much does a lottery bond cost?

The cost of your lottery bond is a percentage of the total amount of the bond you need to obtain. Amounts for lottery bonds are determined on a state level by the relevant authorities.

In other words, there are rarely fixed amounts for lottery bonds, though most bond amounts are in the range between $3,000 and $20,000.
When determining the rate at which you can obtain your bond, sureties take into account a number of financial indicators and predictors, such as your personal credit score, personal finance history, and business financial statements.

Among these, credit score is the most important, which means that if you have a high credit score, you will most likely be offered a low rate on your bond. Applicants with high scores can expect a so-called standard market rate, between 1%-4% of the total amount of their bond.

You can get a free quote on your bond by submitting your surety bond application through the application link. As soon as we have processed your application we will provide you with a quote on your lottery bond, entirely free of charge and without any obligations attached.

Can I get a lottery bond with bad credit?

Applicants with a low or nonexistent credit score often have trouble getting bonded, since they are considered a higher risk. This means they are faced with difficulties in conducting business, which may even make it impossible for them to improve their standing.

We at Lance Surety Bonds have created our Bad Credit Surety Bonds program, in order to enable such applicants to get bonded. This is made possible by our long-term partnerships with A-rated and T-listed surety bond companies, which are among the best and most reliable companies in the whole country.

Naturally, rates under this program are slightly higher, in order to mitigate the increased risk that comes with bonding bad credit applicants. Applicants with damaged credit usually see rates ranging from 5%-15%.

Regardless of the credit type of our applicants, Lance Surety Bonds is dedicated to always finding the best and lowest rates for our clients, and enabling them to get their bond as quick as possible.

How do I get a lottery bond?

To get your lottery bond, you just need to apply online and submit a simple surety bond application form. Approvals for lottery bonds are fairly quick, so you can expect to get your free bond quote soon after your submission.

You can also call us at (877)-514-5146 anytime to ask our surety experts any additional questions you may have or request assistance with your application. We will be happy to help!

Lottery retailer license requirements and renewal

Along with your surety bond, which you must submit when you are applying for your lottery retailer license, you will also be asked to submit a number of documents and items such as those on the list below.

  • Application form
  • Name of corporation and business address
  • Full name, social security number and other identifying information
  • Store hours and liquor permit number (if applicable)
  • A criminal background check
  • A Lottery Electronic Fund Transfer (EFT) system form (if applicable)
  • Application and licensing fees
  • Others

Whether or not you will have to submit any of the above documents will depend on your state’s Department of Revenue or Lottery Corporation, so make sure to check with them when applying for your license.

Licenses are usually issued for a number of years, and you will typically be asked to submit a license renewal application each time your license runs out. Along with this you will have to submit a new surety bond, unless state regulations require you to post a continuous surety bond.

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Find Your Surety Bond

  • Arkansas
    Scholarship Lottery Bond
  • Colorado
    Department of Revenue, Lottery Commission
  • Connecticut
    Lottery Sales Agent
    Connecticut Lottery Corporation
  • Florida
    Game Promotion Bond
    Florida Department of Agriculture and Consumer Ser
  • Florida
    Game Promotion Bond
    City Of Jacksonville, Environmental/Compliance Dep
  • Florida
    Lottery Bond
    Florida Lottery
  • Florida
    7-11 Preformance Bond
    7- Eleven Inc
  • Georgia
    Lottery/Lotto Retailer
    Georgia Lottery Corporation
  • Local Government
    License / Game of Chance
    City of Jacksonville, Enviornmental /Compliance
  • Maryland
    Maryland State Lottery Agency
  • Minnesota
    Lottery Bond
    Minnesota State Lottery
  • Missouri
    Missouri Lottery Commission
  • Nebraska
    Nebraska Lottery Retailer
    Nebraska Department of Revenu
  • Nevada
    Gaming Establishment
    Nevada Gaming Commission- Tax and License Division
  • New Hampshire
    State of New Hampshire, Racing and Charitable Gami
  • New Hampshire
    Surety Bond for Game Operators in New Hampshire
    Racing and Charitable Gaming Commission
  • New Hampshire
    Charitable Gaming Commission Games of Chance Bond
    State of New Hampshire Racing and Charotable Gamin
  • New Hampshire
    Manufacturer Pursuant to Chapter 287-E Bond (Bingo
    NH Racing & Charitable Gaming Commission
  • New Hampshire
    Daily and-or Weekly Sales Agent Bond
    New Hampshire Lottery Commission
  • New Hampshire
    Lucky 7 Bingo Ticket Seller Bond
    NH Racing & Charitable Gaming Commission
  • New York
    Games of Chance Bond
    NYS Department of State
  • North Carolina
    Education Lottery Bond
    North Carolina Lottery Commission
  • North Carolina
    Education Lottery Bond
    North Carolina Lottery Commission
  • Ohio
    Lottery Sales Retailer
    Ohio Lottery Commission
  • Oregon
    Lottery Commission Agent
    Oregon State Lottery Commission
  • Other
    Game Promotion Surety Bond
    City of St. Marys
  • Other
    7-11 Preformance Bond
    7-Eleven, Inc.
  • Pennsylvania
    Lottery Retailer
    Pennsylvania Lottery
  • South Carolina
    Bingo Revenue Bond
    State of South Carolina
  • Tennessee
    Lottery Retailer
    Tennessee Education Lottery Corp.
  • Texas
    Bingo Prize Fees
    Texas Lottery Commission
  • Virginia
    Lottery Retailer Surety Bond
    State Lottery Department
Lottery Bonds by State

Still Have Questions? Check Our FAQ Pages

What Our Clients Have To Say?

Kimberlee Ables
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Andrew Poincot
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
Margie Martinez
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!

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