Vermont Lottery Bond Guide
If you’re applying for a lottery agent license in Vermont, you may need this surety bond.
Bond Overview
- Purpose: To hold lottery sellers accountable for following laws and regulations
- Who Needs It: Lottery agents with a history of failed electronic fund transfers
- Regulating Body: The Vermont Lottery
- Required Coverage: $1,000–$50,000
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Vermont Lottery Bond?
A Vermont lottery bond holds lottery sellers accountable for following laws and regulations. In particular, it ensures payment for all funds and taxes owed to the state.
Vermont lottery agents with a history of failed electronic fund transfers or other financial issues may be required to file a surety bond or letter of credit to maintain licensure.
How Much Do Lottery Bonds Cost?
Vermont lottery bonds cost a small percentage of the required coverage amount, typically 1–10%. For example, you could pay as low as $100 for a $10,000 bond.
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.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Vermont lottery 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 Vermont Lottery as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Do I Renew My Bond?
These bonds expire annually. To renew your lottery bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
After renewing, you’ll receive a continuation certificate to file with the as proof of ongoing coverage.