Georgia Lottery Bond
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How Much Do Georgia Lottery Bonds Cost?
Georgia lottery retailer bond amounts vary based on average ticket sales. Premium rates can range from 1–10% of the bond total based on credit score. Verify your bond requirement with the Georgia Lottery Corporation and apply for a personalized quote.
How Does a Georgia Lottery Retailer Bond Work?
Georgia lottery surety bonds create a contract between three parties:
- Principal: The lottery retailer who purchases the bond
- Surety: The company that issues the bond to the principal
- Obligee: The Georgia Lottery Corporation that requires the bond
If the principal fails to comply with the bond terms, the state can file claims for any resulting financial losses. The surety will settle valid claims up to the full bond amount. Then, the retailer must reimburse the surety for all damages paid out.
How Do I Get a Lottery Bond in Georgia?
With SuretyBonds.com, you can get your Georgia lottery bond in just four easy steps:
- Apply for your surety bond online
- Receive a free quote within one business day
- Sign your documents with DocuSign
- Checkout on our secure, online portal
Once you pay, we'll email you a copy of your official bond documents.
What Is a Georgia Lottery Retailer Bond?
The Georgia Lottery Corporation (GLC) requires lottery retailers to file surety bonds as part of the licensing process. This ensures that lottery retailers comply with all of the GLC retailer contract terms and regulations established in Georgia Statute 50-27-19. Prohibited acts under this surety bond include, but are not limited to:
- Selling lottery tickets or paying a lottery prize to any person under the age of 18
- Selling or reselling a lottery ticket for more than the established retail sales price
- Engaging in the business of selling lottery tickets or shares solely for entertainment
- Not filing applicable state tax returns
How Do I Renew My Bond?
Georgia lottery bonds require annual renewal. A SuretyBonds.com representative will contact you with renewal instructions and an invoice to keep your bond active before your term ends. To cancel a bond, the principal or surety must send a 60-day written notice to the Georgia Lottery Commission.
How to Become a Lottery Retailer in Georgia?
Learn how to get a Georgia lottery retailer license by reviewing our comprehensive guide. For information on becoming a lottery retailer, contact your nearest Georgia Lottery Corporation District Sales Office or call the Georgia Lottery Headquarters in Atlanta.
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