Lottery Bond
What is a Lottery Bond?
A Lottery Bond is a type of License & Permit bond that ensures that lottery retailers comply with state regulations and pay the required taxes and fees.
Protects the government’s interest in collecting lottery-related taxes and fees.
Required for lottery retailers to ensure compliance with tax laws and regulations.
Applicant’s personal or business information, credit history, bond amount, and lottery retailer license details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
