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Virginia Lottery Bond

How much does a lottery bond cost in Virginia?

The Commonwealth of Virginia requires lottery retailers to post $20,000 surety bonds.

These bonds are subject to underwriting, but SuretyBonds.com makes the bonding process fast and easy regardless of your financial credentials. The best way to find out exactly how much you’ll pay is to request a free surety bond quote.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Lottery Bond $20,000 Starts at $200 $800-$1,600 $2,000+ 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.

Ready to get bonded? Call 1 (800) 308-4358 or submit an easy online bond request. One of our expert surety specialists will contact you right away to walk you through our application process.

Why do I need this bond?

Virginia lottery bonds are put in place to ensure that principals (lottery retailers) pay all sums due to the state for lottery tickets and proceeds and comply with all statutes, rules and regulations pertaining to the license.

If the principal violates the terms of his or her bond agreement and the state or an individual is harmed as a result, the surety will cover damages up to the full penal sum of the bond. The principal must reimburse the surety for all damages paid out.

Get your free, no-obligation bond quote within 1 business day of applying when you work with SuretyBonds.com.

What’s the fine print?

The effective date of the bond will be listed on the Virginia lottery retailer surety bond form. The bond is continuous for 1 year unless continued year to year by the issuance of a continuation certificate by the surety.

The surety can cancel the bond at any time by giving written notice of cancellation to the Director of the State Lottery Department 30 days prior to the effective termination date.

How to become a lottery retailer in Virginia

To become a licensed lottery retailer in Virginia, applicants must do the following:

  • submit a completed licensing application packet, including the application fee
  • submit to a background check by the Lottery
  • provide proof of a surety bond
  • and more

For more licensing information, visit the Important Links section of this page.

Don’t let getting a surety bond delay the licensing process to become a lottery professional in Virginia. Get started now!

Ready to get started?

Get a FREE Lottery Bond Quote Today!

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