How much does a lottery retailer bond cost in Florida?
The Florida Lottery requires lottery retailers to post a surety bond to legally operate within the state.
These bonds are subject to underwriting, which means the amount you’ll pay depends on a review of your personal credit report. Less-than-stellar credit? Don’t worry! SuretyBonds.com has a history of getting 99% of applicants bonded quickly, easily and accurately. Request a free 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|
Call 1 (800) 308-4358, or click here, to begin the bonding process.
Why do I need this bond?
Florida lottery bonds ensure that principals (lottery retailers) account for and promptly pay all money due to the Florida Lottery and comply with the provisions of all statutes, rules and regulations of the Florida Lottery. If the principal fails to comply with these terms, the bond protects the Florida Lottery from financial loss.
Ready to get bonded? Submit a bond request now!
What’s the fine print?
Florida lottery bonds remain continuous until canceled. The surety can cancel the bond at any time by giving written notice of cancellation to the Florida Lottery at least 30 days prior to the effective termination date.
How to become a lottery retailer in Florida
To become a licensed lottery retailer in Florida, applicants must submit the following materials:
- $100 application fee
- complete retailer application
- contact information for all necessary individuals
- voided business check
- signed Retailer Contract
- landlord’s written approval for communication equipment (if retail location is leased)
- and more
Take the first step toward becoming a legal lottery retailer by applying for a free bond quote today!
Ready to get started?