You sell the state's tickets. The bond guarantees the proceeds.
The bond behind your lottery retailer license
State lotteries commonly require retailers to post a lottery agent bond before they can sell tickets. The bond guarantees that you will remit ticket proceeds to the lottery and account for tickets properly. If you don't, the state lottery can recover the money against your bond.
What a lottery agent bond guarantees
The bond protects the state lottery — guaranteeing you'll remit sales proceeds, account for tickets, and comply with lottery rules. If the surety pays a valid claim, you reimburse it in full. It's a financial guarantee to the lottery, not insurance for your store.
How much a lottery agent 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
The required amount is set by each state lottery and can scale with your sales volume. We confirm the amount and filing your lottery requires before quoting.
Lottery Agent 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 lottery agent bond cover?
It covers the state lottery's loss if a retailer fails to remit ticket proceeds or account for tickets. You reimburse the surety for any claim paid.
Who needs a lottery agent bond?
Retailers licensed to sell state lottery tickets, where the lottery requires bonding. Amounts vary by state and sales volume.
How much does a lottery agent bond cost?
A premium that's a small percentage of the required bond amount, based on your credit.
How do I get a lottery agent 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.