Connecticut Lottery Sales Agent Bond Overview
- Purpose: To ensure agents properly cash lottery tickets and submit funds to the CLC
- Who Needs It: All lottery sales agents in Connecticut
- Regulating Body: The Connecticut Lottery Corporation (CLC)
- Bond Amount: $100 to $100,000; varies based on lottery ticket sales volume
- Minimum Price: 1%; credit-based
What Is a Connecticut Lottery Agent Bond?
Connecticut lottery bonds ensure that lottery sales agents follow State Lottery Operation Regulations. The bond protects the state from monetary loss resulting from irresponsible activities and unlawful practices.
Who Needs a Connecticut Lottery Bond?
The Connecticut Lottery Corporation (CLC) requires all lottery sales agents or “retailers” in Connecticut to have a surety bond. Connecticut classifies retailers as individuals and businesses authorized by the CLC to sell and redeem lottery tickets.
Bond Coverage Requirements for Connecticut Lottery Retailers
Connecticut lottery agent bond amounts are based on the ticket sales volume. If you’re unsure how much coverage you need, check with the CLC.
How Much Do Lottery Bonds Cost in Connecticut?
Lottery sales agent bond premiums vary based on coverage amount and financial factors like credit. With good credit, premiums typically range from 1-5%.
Get your free quote today!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Connecticut Lottery Sales Agent Bond Work?
When you purchase your lottery sales agent bond, you’ll enter a three-party agreement.
| Bond Party | Description |
|---|---|
| 1. Principal | The lottery sales agent filing the bond |
| 2. Obligee | The Connecticut Lottery Corporation |
| 3. Surety | The issuing surety provider |
If you fail to follow state laws, harmed parties can file a claim on the bond. The surety will investigate and pay for valid claims. Then, you must repay the surety.
How Do I Get a Lottery Retailer Bond in Connecticut?
To get your Connecticut lottery sales bond, complete the following easy steps:
- Determine coverage amount
- Apply for a quote
- Get your quote within one business day
- Purchase your bond
- Receive your bond via email
- File your bond with the CLC
Can I Get Bonded With Bad Credit?
We work with a variety of surety markets to approve 99% of applicants. So, you may still be able to get your lottery bond with bad credit.
If you’re worried about qualifying, read about our Bad Credit Bonding Options.
How Do I Renew My Bond?
Connecticut lottery agent bonds expire annually. You’ll receive renewal reminders starting 90 days before the expiration date.
Follow the instructions provided to renew your bond. If you have any questions or need to change your coverage amount call 1(800)-308-4358.
How Do I Update My Bond Information?
If you need to update basic information on your bond forum, like your name and address, we can often issue a bond rider. Just call 1(800)-308-4358 or email [email protected] about your request.
How to Get a Lottery Retailer License in Connecticut
To get your retailer license, you’ll submit an application to the CLC. If your business is an LLC, LLP, or corporation, register your business with the Secretary of State before applying.
Include the following documents in your Retailer Application packet to get your license:
- Retailer Contract
- W-9 Form
- Tax Certification Form
- A bank letter
- CLC Auto-Pay and Wire Transfer Form
- Letter of closing or bill of sale (if applicable)
- Business lease
- Surety bond form
- Electrical compliance form
Each owner, officer, or Person in Charge (PIC) will need to submit additional documents. Refer to the Lottery Application Instructions and Procedures for detailed information.
After receiving the above materials, the CLC will send your application to the DCP before official licensing. The DCP will conduct these assessments:
- Marketing and Sales Survey
- Criminal Background Check
- State/Local Tax Check
- Credit Check
Once licensed, you’ll need to install a dedicated electrical outlet that meets requirements. Then, the CLC will schedule mandatory training.
How Do I Renew My Lottery Retailer License?
Your license expires annually on March 31st of each year. To renew your license, download the Lottery Sales Agent Renewal Application.
To renew online, request your User ID and Password by emailing [email protected]. Provide the following information:
- Name
- License type
- License number
- Email address
If you need to change the PIC, submit a Lottery Sales Agent - Change of PIC Form
