Florida - Lottery Retailer — required surety bond in Florida. Apply online in minutes.
The Florida Lottery Retailer Bond is a financial guarantee required for businesses authorized to sell state lottery tickets. It guarantees that the retailer will properly account for and remit all lottery ticket sales proceeds to the Florida Department of the Lottery. It also ensures the business operates in accordance with all state rules governing lottery sales.
Convenience stores, supermarkets, gas stations, and other retail businesses that wish to sell Florida Lottery tickets typically need this bond. The Florida Department of the Lottery will inform you if your specific business requires this bond before activating your lottery terminal. Requirements vary, so retailers should verify their specific bonding needs with the state.
The state requires this bond to protect public funds from theft, fraud, or mismanagement by the retail location. It acts as a financial safety net for the Florida Department of the Lottery, ensuring they receive the money owed from ticket sales even if the business fails to pay. This helps maintain the integrity and financial stability of the state's lottery system.
To get started, click Apply Now to complete our secure, approximately 5-minute online application. Once approved and processed, your Florida Lottery Retailer Bond will be delivered directly to you by email. If you need assistance, contact Noah Insurance Agency at 814-718-0060.
Bond premiums vary based on the required bond amount and the applicant's credit history. To get an exact figure for your specific situation, please apply online for a quote.
The Florida Department of the Lottery sets the required bond amount based on factors like projected sales volume and business history. You must verify your exact requirement directly with the issuing agency.
Processing times vary, but many applicants receive their bond shortly after completing the online application and submitting payment. Apply online to get your specific timeline.
Yes, lottery retailer bonds typically require periodic renewal to keep your lottery terminal active. You should monitor your bond's expiration date and renew it prior to expiration to avoid any interruption in your ability to sell tickets.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
Noah Insurance Agency · Licensed Nationwide