Businesses or individuals who offer games with promotions and prizes, or sweepstakes, for amounts of more than $5,000, must register with the Florida Department of Agriculture and Consumer Services.
Sweepstakes promoters are also regulated by the Section 849.094 of the Florida Statutes and Chapter 5J-14 of the Florida Administrative Code.
You must file 7 days before offering this in Florida with the Department.
This is whether you are based in Florida or out of state.
Determining the amount of surety bond require for games and sweepstakes promoters is very simple:
The amount of the surety bond required is equal to the value of all prizes offered.
The purpose of this surety bond is to protect others – namely the consumers or game participants, from acts of theft, fraud, criminal conduct, misrepresentation and other illegal activities committed by the games/sweepstakes promoter, any owners, managers, or employees of a sweepstakes company.
The bond serves only as a protection for others; it does not protect the Florida sweepstakes company at all.
Since the surety bond amount required is determined by the value of the prizes and sweepstakes promotions, the amount required will of course vary.
At the very minimum, the bond amount is at least $5000, since that is the threshold for the surety bond requirement.
Still, a few guidelines might be helpful:
AmeriPro Surety Bonds will work for you to get the best pricing on the surety bond needed.
In many cases, the entire bonding process may take one business day, and even just a few hours.
Call AmeriPro Surety Bonds today for your Florida Games/Sweepstakes promoter bond:
Or, you may fill out the form below and a Surety Agent will contact you: