New Hampshire Lottery Retailer Bond Guide
If you’re applying for a lottery retailer license in New Hampshire, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure that retailers pay the Lottery Commission the required weekly amount
- Who Needs It: Lottery retailers in New Hampshire
- Regulating Body: The Lottery Commission
- Required Coverage: $20,000
- Premium Rate: 5–10%, based on credit score
Learn all about the bond requirements and process in this guide.
What Is a New Hampshire Lottery Retailer Bond?
A New Hampshire lottery retailer bond ensures that lottery retailers pay the Lottery Commission the required weekly settlement payments.
Retailers get a base 5% commission for selling lottery tickets and a 10% commission on all sales that exceed those of the past fiscal year. This bond ensures that the remaining money made from sales is returned to the Lottery Commission.
How Much Do Lottery Retailer Bonds Cost?
New Hampshire lottery retailer bonds cost a small percentage of the $20,000 coverage amount, typically 2–10%, based on credit score.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Lottery Retailer Bond?
The New Hampshire Lottery Commission only requires this bond as part of the licensing process for lottery retailers who don’t meet the requirements for “strong personal credit”.
If you don’t have strong credit, the bond adds financial security that you will fulfill your obligations to the Commission.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a New Hampshire lottery retailer bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the Lottery Commission as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a New Hampshire Lottery Retailer Bond Work?
A lottery retailer bond creates a legal contract between these three parties:
- Principal: You, the retailer filing the bond
- Obligee: The Lottery Commission requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of New Hampshire Administrative Code Lot 1000 and Lot 300.
If you break the bond terms, the Commission can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your lottery retailer bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
