Maryland - Lottery Agent — required surety bond in Maryland. Apply online in minutes.
A Maryland Lottery Agent Bond is a type of financial guarantee required for businesses authorized to sell state lottery tickets. It ensures that the business owner acts ethically and properly handles all funds related to lottery sales. Specifically, it guarantees that the agent will accurately report and remit all collected lottery proceeds to the state.
Any business operating in Maryland that wishes to become an authorized retailer of state lottery tickets generally needs this bond. Common applicants include convenience stores, grocery markets, gas stations, and liquor stores. Retailers must secure this bond before they are permitted to install lottery terminals and sell tickets to the public.
The state requires this bond to protect public funds and ensure that all lottery revenue is securely transferred to the government. Because retailers collect money on behalf of the state, the bond acts as a safeguard against theft, fraud, or the failure to remit ticket sale proceeds. If a retailer defaults on their payment obligations, the bond provides a mechanism for the state to recover those lost funds.
Getting your bond is simple with Noah Insurance Agency. Just click Apply Now to complete our secure, approximately 5-minute online application. Once approved and processed, your official bond will be delivered directly to you by email.
Premiums vary based on the required bond amount and the applicant's personal credit history. Apply online or contact Noah Insurance Agency at 814-718-0060 for an exact quote tailored to your specific business profile.
The required bond amount varies and is typically determined by the state based on your projected or historical lottery sales volume. Always verify your specific bond requirement directly with the issuing agency before purchasing your bond.
Yes, Noah Insurance Agency works with a wide network of carriers nationwide to help applicants with varying credit profiles secure the bonds they need. Submit our secure online application to review your available options.
The obligee is the state entity that regulates lottery sales, typically the Maryland Lottery and Gaming Control Agency, which requires the bond to protect state revenues.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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