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Tennessee Lottery Retailer Bond

How much does a lottery bond cost in Tennessee?

The Tennessee lottery retailer surety bond is a credit based bond, which means the amount you’ll pay for your bond depends on your personal credit report and is subject to underwriting.

The bond amount is determined by the Tennessee Education Lottery Corporation and varies depending on the average sales of lottery tickets in a lottery retailer’s district. The bond amount will never exceed a district’s lottery ticket expense for two billing periods.

Still not quite sure how much this bond is going to cost you? Just give us a call at 1 (800) 308-4358 or click here to get a free bond quote!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Lottery Retailer 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.

Let SuretyBonds.com be your go-to for all your surety bond needs. Fill out our online bond request form to get a free bond quote within one business day of applying. Expect your bonding process to be fast, simple and stress-free when you rely on the experts at SuretyBonds.

Why do I need this bond?

Tennessee lottery retailer surety bonds assure the Tennessee Education Lottery Corporation (TELC) that the principal (lottery retailer) will:

  • accurately account for all lottery tickets and revenue
  • maintain sufficient sales
  • only sell tickets for the price established by the TELC
  • faithfully follow and comply with all of the rules and statutes dictated in the Tennessee Education Lottery Implementation Law
  • not sell lottery tickets to any underage person
  • pay all appropriate state taxes and fees

Have a specific question about this surety bond? Reach out to our experts. Get started now!

What’s the fine print?

A Tennessee lottery retailer surety bond is valid for one year after the effective date. Continuation certificates can be issued if the lottery retailer wishes to continue selling lottery tickets.

If the bond is to be canceled, the surety must give the state at least 30 days notice.

Ready to get started?

Get a FREE Lottery Retailer Bond Quote Today!

Additional Resources

Tennessee Lottery Retailers Frequently Asked Questions

Tennessee Lottery Retailers Application Packet

Policy Manual Chapter 2- Retailer Rules and Regulations

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