Lottery Bonds
What is a Lottery Bond?
Description: Lottery Bonds are required of any establishment with a lottery machine. The bond guarantees proper use of the machine to ensure no abuse of the state's lottery system.
Current Market: Lottery Bonds are typically small relative to other commercial surety bonds. Bonding companies are freely writing this lower risk bond, provided the applicant qualifies using standard suretyship underwriting methods. Some lottery bonds are too small for agencies to consider, as they are not profitable enough to write.
Special Programs: Lottery bonds do not have any specialty programs other than the bad credit surety bond program, which is only a last resort for those who can not be approved under standard surety markets.
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