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Florida Slot Machine Licensee Bond

How much does a slot machine licensee bond cost in Florida?

Slot machine operators in Florida must post surety bonds in varying amounts prior to conducting business. Applicants should verify their required bond amount with the state prior to bonding.

Because the required amount and price of these bonds can vary so much, our experts recommend contacting us so that we can walk you through our fast and easy bonding process. Request your free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Slot Machine Licensee Bond Varies Starts at 1% 4-8% 10%+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Begin the bonding process by calling 1 (800) 308-4358 or submitting a bond request. Our experts can typically provide free, no-obligation bond quotes within 1 business day of submitting your application.

Why do I need this bond?

Florida slot machine licensee surety bonds are put in place to ensure that principals (slot machine operators) adhere to the provisions of Chapter 551 of the Florida Statures and Chapter 61D-14, of the Florida Administrative Code. Some of these provisions include remitting payment of all license fees and taxes required by law and performing all requirements imposed by law or regulation or the conditions or the license.

If the principal fails to comply with these terms, the bond covers financial losses suffered by harmed parties up to the full penal sum. The principal must reimburse the surety for any damages paid out.

Request your free bond quote now!

What’s the fine print?

Slot machine licensee bonds in Florida may not be released except to the Florida DBPR on written demand of the Director of the Division of Pari-Mutuel Wagering of the DBPR or by the principal with the written instructions form the director. The surety can cancel the bond by giving written notice of withdrawal to the director at least 60 days prior to the effective withdrawal date.

These bonds can be continued with a continuation certificate signed by both the principal and the surety.

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Florida Department of Business and Professional Regulation Slot Machine Gaming Licensing Information

Slot Machine Gaming Forms Center

Slot Machine Application Requirements

Florida Statutes Chapter 551 Slot Machines

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