1 (844) 589-9732

Florida Games/Sweepstakes Retail Bond

The Florida Department of Agriculture and Consumer Services requires a Florida games/sweepstakes retail bond in an amount equal to the value of the prizes. Read more and call us for your bond: 844-589-9732.

Florida Games/Sweepstakes Retail Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Florida Games/Sweepstakes Promoters

 

 

 

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.

 

 

 

Florida Games/Sweepstakes Retail Bond: Amount Required

 

 

 

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.

 

 

 

Florida Games/Sweepstakes Retail Bond: The Purpose

 

 

 

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.

 

 

 

Florida Games/Sweepstakes Retail Bond: The Price for this Bond

 

 

 

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:

  • The bond’s premium will likely be a small percentage of the overall surety bond required, in some cases between 2-5% of the bond’s face amount;
  • The bond’s premium will also likely be determined by your credit score (our agency utilizes a soft pull which will not adversely affect your score);
  • If the bond amount is especially large — say $100,000 or thereabouts, in addition to a credit check, an application may be requested which will ask you about your net worth, investments, etc.

 

 

AmeriPro Surety Bonds

 

 

 

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:

844-589-9732

Or, you may fill out the form below and a Surety Agent will contact you:

Request a Callback

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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