New York Promoter Bond Overview
- Purpose: To protect event participants, staff and ticket buyers from financial loss
- Who Needs It: Anyone promoting a combative sports event in New York State
- Regulating Body: The New York State Athletic Commission
- Bond Amount: $10,000 or $20,000 for wrestling promoters
- Minimum Price: $100 for the $10,000 bond; $240 for the $20,000 bond
What Is a New York Boxing, Wrestling & MMA Promoter Bond?
New York boxing, wrestling and mixed martial arts promoter bonds are financial securities required by the New York State Athletic Commission (NYSAC).
These bonds ensures that promoters:
- Organize combative sports ethically
- Pay fighter purses
- Cover staff wages
- Remit all applicable state and local taxes
Bond Coverage Requirements for New York Promoters
There are two bonding requirements for boxing and MMA promoters in New York:
- $20,000 guarantee bond: Guarantees payment for purses, salaries of licensed club employees, and goods and services from event vendors
- $10,000 performance bond: Ensures you’ll follow state laws and regulations
If you are a wrestling promoter, you need a single $20,000 bond.
How Much Do Promoter Bonds Cost in New York?
New York combative sports promoter bond rates vary based on the bond amount and personal credit score.
- The $10,000 boxing and MMA promoter bonds start at $100 and vary based on credit score.
- The $20,000 boxing and MMA promoter guarantee bond starts at $200 and varies based on credit score.
- The $20,000 wrestling promoter bond costs a flat rate of $240.
Request your bond now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a New York Sports Promoter Bond Work?
When you file a promoter bond, you enter a legal contract with two other parties.
| Bond Party | Description |
|---|---|
| 1) Principal | The combative sports promoter filing the bond |
| 2) Obligee | The New York State Athletic Commission |
| 3) Surety | The issuing surety provider |
By filing a New York MMA promoter bond, you agree to comply with state laws regulating boxing, sparring and wrestling matches. If you don’t, you will become liable for bond claims up to the full $10,000 or $20,000 bond amount.
How Do I Get a Promoter Bond?
If you’re a New York boxing and MMA promoter, you’ll need to submit a separate application for both bond types. We’ll provide your quotes within one business day or less! Just sign and complete your purchase online at your convenience. Then, we’ll mail the official bond forms.
If you’re a wrestling promoter, you can buy your bond instantly online. Then, you can select overnight, next-day or two-day shipping for your bond form.
How Do I File My Bond?
You’ll get the original copy of your bond in the mail. File this with the State Athletic Commission when you mail in your promoter license application.
Can I Get Bonded With Bad Credit?
Poor personal credit can impact your rate and likelihood of being approved for a MMA or boxing promoter bond. However, we work to approve 99% of applicants with our bad credit bonding options. Apply today to see if you qualify.
How Do I Renew My Promoter Bond?
You’ll need to renew your bond(s) each year. We’ll provide helpful reminders before they expire. All you need to do is pay the premiums and follow any filing instructions. Your bond will stay active for another year or until cancelled.
How Do I Update My Bond Form?
Do you need to update simple details on your bonds, such as a name or business address? Email us with the change request at [email protected].
How to Become a Combative Sports Promoter in New York
All promoter license applications must be sent to the Department of State Athletic Commission. Attach the following materials with your application:
- Surety bond(s)
- Licensing fees
- Combative sport resume and list of references
- Articles of incorporation
- Electronic fingerprint application
- NYS request for card scan services form
Mail your application to:
New York State, Department of State
State Athletic Commission
P.O. Box 22090
Albany, NY 12201-1001
Promoter licenses expire annually on September 30. You’ll need to submit a renewal application each year.
