How much does a lottery bond cost in North Carolina?
The North Carolina Education Lottery requires lottery retailers to be bonded to legally work within the state. The required bond amount varies, and the amount an applicant pays for the bond is subject to underwriting consideration and based on a review of his or her personal credit report.
SuretyBonds.com makes the bonding process fast, easy and accurate. Request your free surety bond quote now!
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Lottery Bond||Varies||Starts at 1%||5-8%||10%+||Apply Now|
If you’re ready to get bonded, give us a call at 1 (800) 308-4358, or submit an online bond request form.
Why do I need this bond?
North Carolina lottery bonds ensure that principals (lottery retailers) remit payments for the sale of lottery tickets as specified in the Retailer Contract. Specifically, this bond guarantees the compensation of the state and consumers if an applicant commits fraud or other damaging acts, such as falsifying records of sale or failing to pay requisite dues on sales.
Get your free, no-obligation bond quote within 1 business day of applying when you work with SuretyBonds.com. Apply now!
What’s the fine print?
North Carolina lottery surety bonds can run for 1, 2 or 3-year terms. Each term option has a specific bond form. The surety contact information must appear at the bottom of every bond form.
How to become a lottery retailer in North Carolina
To become a licensed lottery retailer in North Carolina, applicants must:
- be at least 21 years of age
- not engage exclusively in the business of selling lottery tickets or operating devices solely for entertainment
- file and submit payment of all applicable taxes to the state on time, excluding items under formal appeal
- undergo and pass background investigations, including criminal background review, tax filing status review and financial credit review
- not reside in the same household as a member of the Commission, the Director or any other employee of the Commission
For complete licensing information, visit the Important Links section of this page.
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