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South Dakota Lottery Bond

How much does a lottery surety bond cost in South Dakota?

Lottery retailers in South Dakota must post a surety bond prior to conducting business within the state. Applicants should verify their required bond amount with the state prior to bonding.

These bonds are subject to underwriting consideration, so the price you’ll pay for your South Dakota surety bond depends not only on your required bond amount but also on a review of your personal credit report. Request your free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Lottery Uniform Surety Bond Varies Starts at 1% 4-8% 10%+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Purchasing the surety bond you need is fast and easy when you work with the experts at SuretyBonds.com! Call 1 (800) 308-4358 or submit a bond request now to get started.

Why do I need this bond?

By posting a South Dakota lottery bond, principals (video lottery retailers) pledge to conduct business in accordance with state laws and regulations, including all amendments pertaining to video lottery operations, collection and remittance of income to the state.

If the principal fails to comply with these terms, the bond protects the state from financial loss up to the full penal sum of the bond. The principal must reimburse the surety for any damages paid out.

We can provide your free bond quote within 1 business day of submitting your application. Apply now!

What’s the fine print?

Uniform lottery bonds in South Dakota remain in full force and effect until canceled. The surety can cancel the bond by giving written notice of cancellation via certified mail to both the principal and the South Dakota Lottery in Pierre, South Dakota. Cancellation becomes effective 60 days after the receipt of said notice.

How to become a lottery retailer in South Dakota

There are 4 types of video lottery licenses: an establishment license, an operator license, a distributor license and a manufacturer license.

Operator applicants must do the following:

  • complete the Application for Video Lottery form
  • complete an Individual History Form for each individual listed in section 8 of the application form
  • complete Investigation Authorization forms for each individual
  • pay the $50 application fee
  • complete the Additional Operator Information form
  • complete the Authorization for Electronic Funds Transfer form
  • post a surety bond in the proper amount

Take the first step toward becoming licensed in South Dakota by purchasing your lottery surety bond quickly and easily!

Ready to get started?

Get a FREE Lottery Bond Quote Today!

Additional Resources

South Dakota Lottery Retailer/License Information

South Dakota Lottery Uniform Surety Bond form

South Dakota Lottery Laws, Rules, and Rulings

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