How much does a coin operated machine operator’s bond cost in Arkansas?
All persons who operate coin amusement machines in Arkansas must post a $6,000 coin machine operator’s bond.
The price you’ll pay for your bond is subject to underwriting and based on a review of your personal credit report. With strong credit, you could pay just $100 for your bond!
Bad credit? No problem! The experts at SuretyBonds.com have a history of helping 99% of all applicants get bonded. Let us help you get the bond you need. Give us a call at 1 (800) 308-4358 or fill out our online bond request form to get started!
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Coin Operated Amusement Machine Operators Bond||$6,000||Starts at $100||$240-480||$600+||Apply Now|
Complete a request form, and our surety specialists will contact you right away to walk you through our fast and easy bonding process. We can typically provide our clients with free, no-obligation bond quotes within 1 business day of submitting an application.
Why do I need this bond?
Arkansas amusement machine bonds ensure that the principal (machine operator) promptly pays all fees and faithfully performs all obligated duties stated in Arkansas Code 26-57-401 et seq. If the operator fails to comply with these terms, a claim can be filed against the bond. If the claim is validated, the surety underwriting company that produced the bond will pay damages to the state and/or another harmed party up to the full $6,000 penal sum of the bond. The operator, in turn, will be responsible for reimbursing the surety for any damages paid out.
Submit a bond request or give us a call at 1 (800) 308-4358 to get bonded!
What’s the fine print?
Surety bonds for the operators of coin operated amusement machines in Arkansas will remain in full effect unless otherwise canceled. To cancel the bond, the surety must send a written cancellation by registered letter to the director of the Department of Finance and Administration 60 days prior to the termination date.
How to become a coin operated machine operator in Arkansas
To run a coin operated amusement machine in Arkansas, an applicant must do the following:
- complete an AR-1R registration form
- complete an AR-1R-AMU form
- complete the AMU-AR form (only if additional stamps are needed)
- submit a $6,000 surety bond
The permit cost an applicant pays is based on the the number of machines they operate. The operation of 1-3 machines requires a $500 permit, and the operation of 4 or more machines requires a $1,000 permit. Coin machine operators must also pay $5 to the Commissioner of Revenue for each machine located in Arkansas.
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