American Surety Bonds Agency, LLC provides simplified and fast underwriting for Lottery Bonds.
A Lottery Bond is a license and permit bond required by a state to ensure that retailers who sell lottery tickets follow the rules and regulations in place for the sale of lottery tickets. The bond also ensures that the lottery vendors will remit payment to the lottery commission on time.
Some states only require the bond if the vendor has had previous untimely payments, while other states require all vendors to obtain a bond before getting a license to sell lottery products.
Bond amount, bond obligation and effective dates vary by State.
What are the underwriting guidelines?
Lottery Bonds are underwritten on the following criteria:
- Bond Amount
- Obligee Obligation
- Corporate and Personal Credit History
- Corporate and Personal Net Worth
- Length of Time in Business
- Previous Lottery Claims
How much does the bond cost?
American Surety Bonds Agency has a number of programs in place for Lottery Bonds. Our 5 tiered programs start at less than 1% of the bond amount with competitive rates for all applicants.
Contact us today to find out which program you qualify for.
How do I apply for a Lottery Bond?
To apply for a Lottery Bond, simply complete the bond application. Click here to download application our application and e-mail, fax or mail your application back to us to get started. Or, give us a call and we will be happy to get you started.
Apply today, Approved Today!
Who can I contact for more information?
MM, Senior Underwriter
Are there any other bonds I might need?