How much does a lottery bond cost in Arkansas?
The Arkansas Lottery Commission requires lottery retailers to be bonded to legally work within the state. The required bond amount varies, and the amount an applicant pays for the bond is subject to underwriting consideration and based on a review of his or her personal credit report.
SuretyBonds.com makes the bonding process fast, easy and accurate. Request your free surety bond quote now!
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Lottery Bond||Varies||Starts at 1%||5-8%||10%+||Apply Now|
If you’re ready to get bonded, give us a call at 1 (800) 308-4358, or submit an online bond request form.
Why do I need this bond?
Lottery retailers are required to post a surety bond under the Arkansas Lottery Law. The principal (lottery retailer) must not commit any fraud or alter lottery tickets. If the principal does not comply with all the laws the surety will pay the damaged party all penalties up to the full bond amount. The principal must then reimburse the surety.
Get your free, no-obligation bond quote within 1 business day of applying when you work with SuretyBonds.com. Apply now!
What’s the fine print?
Lottery bonds are in effect for a one-year term unless claimed against or cancelled. The surety has the right to cancel the bond with 60-days’ written notice to the obligee.
How to become a lottery retailer in Arkansas
Along with posting a surety bond in the correct amount, applicants must submit the following:
- Arkansas lottery retailer application
- Background check with fingerprint
- $100 licensing fees
For more information, refer to the Additional Resources section below.
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