Lottery Bonds

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Lottery Bond Guide

What Is a Lottery Bond?

This type of surety bond is used to protect the state if a lottery seller mishandles funds or tampers with lottery equipment. Lottery bonds also protect consumers by ensuring the seller adheres to industry regulations, ultimately keeping the lottery safe and fair for everyone..

How to Apply for a Lottery Bond is the nation’s leading surety provider with the fastest and easiest bonding process. Call now or submit a quick online application. We’ll find the best price and provide your free lottery bond quote within one business day.

Lottery Bond Requirements in Your State

Each state establishes its specific regulations for lottery seller licensing. Due to this, bond costs and requirements vary greatly. Select your state below for more specific information:

How Much Does a Lottery Bond Cost?

Your exact lottery bond cost will vary depending on how much coverage your state requires combined with your credit score. Most states require lottery bond amounts of $5,000–$15,000. Applicants with a credit score of 650 or higher will pay 1–5% of the bond amount, which is typically between $100 and $750 shops the top markets nationwide to find the lowest possible premiums for each applicant. Apply now for your free quote. 

How Do Lottery Bonds Work?

A lottery bond functions as a legally binding contract that brings three parties together:

  1. Obligee: The government agency requiring the lottery bond
  2. Principal: The individual or business purchasing the bond
  3. Surety: The company providing the bond and backing the principal

How Are Claims Handled for Lottery Bonds?

Specific consequences vary by state, but the obligee can file a claim if the lottery seller misappropriates any lottery funds or tampers with machinery. The surety is responsible for paying reparation up to the full bond value. Then, the principal must reimburse the surety for those funds.

Can I Get a Lottery Surety Bond With Bad Credit?

Don’t let your financial situation keep you from getting the lottery bond you need. Our Bad Credit Bonding Program helps us approve 99% of applicants. Apply now to see if you qualify.

Call 1 (800) 308-4358 to talk with a Surety Expert