Georgia Lottery Bond Overview
- Purpose: To ensure lottery retailers comply with state regulations
- Who Needs It: Certain lottery retailers in Georgia
- Regulating Body: The Georgia Lottery Corporation
- Bond Amount: $1,000–$125,000
- Minimum Price: $100 or 1%
What Is a Georgia Lottery Bond?
A Georgia lottery bond protects the state from fraudulent or negligent acts by lottery retailers.
The Georgia Lottery Corporation requires some lottery retailers to file a surety bond. This guarantees proper handling and remittance of all lottery funds to the state.
Bond Coverage Requirements for Georgia Lottery Retailers
The Georgia Lottery Corporation will review the following factors to determine if you need a bond:
- Credit score and history
- Criminal record
- No permanent address in-state
- Business history
If you don’t meet the requirements listed in the application, you’ll need to file a bond or another form of financial security. The Georgia Lottery will contact you after you apply with further information about the coverage amount you need.
How Much Do Lottery Bonds Cost in Georgia?
Georgia lottery bonds start at $100 for the minimum $1,000 coverage. Your exact price will depend on your bond amount and personal credit score. Rates are typically 1–5% of the total coverage amount.
Click Apply Now to start the application process.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Georgia Lottery Bond Work?
A Georgia lottery bond creates a legally binding contract between three parties.
| Bond Party | Description |
|---|---|
| Principal | The lottery retailer purchasing the bond |
| Obligee | The lottery retailer purchasing the bond |
| Surety | The issuing surety provider |
This bond holds you financially responsible for upholding all applicable state lottery laws. This includes properly operating equipment and accurately reporting all ticket sales.
If you violate these terms, harmed parties can file claims against your bond. If a claim is approved, the surety will cover the losses up to the full bond amount. You’ll be responsible for reimbursing the surety for any payouts made.
How Do I Get a Lottery Bond in Georgia?
You can start the bonding process in just minutes. Simply enter your information into the form on this page. We’ll send you a free, personalized quote within one business day.
How Fast Can I Get My Bond?
After payment, we’ll email you the official bond form instantly. Be sure to sign and file it with the Georgia Lottery Corporation as instructed.
Can I Get Bonded With Bad Credit?
You may still be able to get bonded with bad credit, but it will likely increase your premium. Visit our Surety Bond Cost FAQ page to learn more.
How Do I Renew My Lottery Bond?
Georgia lottery bonds expire annually. We’ll send you text and email reminders starting 90 days before the expiration date. To extend your bond term, simply pay the attached invoice.
Can I Make Changes to My Bond?
If you need to make any changes to your bond, such as name, address or coverage amount, email [email protected]. Only your surety company can update your bond form.
How to Become a Lottery Retailer in Georgia
First, contact your local Georgia Lottery Corporation District Sales Office to request an application packet. You’ll need the following to apply:
- Valid form of identification
- Business formation documents
- E-Verify affidavit
- Electronic funds transfer authorization
- Retailer contracts
- Ownership information
The fee is $125 per location. Learn more about how to fill out the application form in our comprehensive guide.
What Are the Georgia Lottery Retailer Commission Rates?
Georgia lottery retailers earn a 6% commission on all ticket sales, including draw games and scratch-offs. You’ll also receive a $50,000 bonus for each winning Mega Millions or Powerball Jackpot ticket and a $5,000 bonus for each winning Fantasy 5 Jackpot ticket.
