You run the game for a good cause. The bond protects the proceeds.
A bond for charitable and licensed gaming
Organizations and operators running games of chance — bingo, raffles, charitable casino nights, and similar — are often required by the state to post a bond as a condition of a gaming license. The bond guarantees that gaming proceeds are handled properly and that you comply with the state's charitable-gaming law.
What a game of chance bond guarantees
The bond protects the state and the charitable beneficiaries — guaranteeing proper handling and distribution of gaming proceeds and compliance with gaming regulations. If the surety pays a valid claim, you reimburse it in full. It's a compliance and financial guarantee, not insurance for the event.
How much a game of chance bond costs
The bond amount is set by the licensing authority. The premium you pay is a small percentage of that amount — typically around 1%–3% for applicants with reasonable credit, more for weaker credit — so a modest bond often costs a few hundred dollars a year. We market it to multiple surety companies to get you the best rate.
Requirements vary by state
Charitable-gaming licensing and bonding, and the required amount, are set by each state's gaming or charities regulator and can depend on the size of the operation. We confirm your exact requirement before quoting.
Game of Chance Bond requirements by state
The required amount and authority differ by state — and sometimes by city or county. We are licensed in all 50 states; request a quote and we will confirm the exact requirement that applies to you.
Frequently Asked Questions
What does a game of chance bond cover?
It covers losses from an operator's mishandling of gaming proceeds or violation of charitable-gaming law. You reimburse the surety for any claim paid.
Who needs a game of chance bond?
Organizations and operators licensed to run bingo, raffles, or other games of chance in states that require bonding. Requirements vary by state.
How much does a game of chance bond cost?
A premium that's a small percentage of the required bond amount, based on your credit.
How do I get a game of chance bond through Cory Washington & Co.?
Request a quote or contact our team. We confirm your exact requirement, market your bond across multiple surety companies that compete for it, and handle the filing. Cory Washington & Co. LLC is licensed in all 50 states.
All surety bond descriptions on this website are provided by Cory Washington & Co. LLC strictly for general informational purposes. They are not intended to be, and should not be relied upon as, legal, financial, or bonding advice. Surety bonds are not insurance. Bond requirements — including amounts, obligees, and bond forms — are set by government authorities and other obligees and change over time; the information presented is general in nature and does not guarantee the availability, terms, conditions, or amount of any bond. Actual bond terms are governed by the bond form issued by the surety and the requirements of the obligee, and any bond remains subject to underwriting approval. Nothing on this website creates or implies an agent-client relationship, binds a surety, or issues a bond. Cory Washington & Co. LLC expressly disclaims any liability for actions taken, or not taken, based on the content provided here. For advice regarding your particular situation, please confirm current requirements with the relevant authority and consult directly with a licensed professional at Cory Washington & Co. LLC.