1 (844) 589-9732

Georgia Lottery Bond

The amount of the Georgia lottery bond will be determined by the state’s Lottery Corporation. In whatever amount required, AmeriPro Surety Bonds offers this bond for you. Please call us at 844-589-9732.

Georgia Lottery Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Georgia Lottery Retailers

 

 

The bonding requirements for Georgia lottery retailers originates from the Georgia Lottery for Education Act.

The Georgia Lottery Corporation is this surety bond’s obligee; that is, they are the regulatory requiring you to obtain the surety bond as a condition of being or remaining a retailer.

 

 

 

Georgia Lottery Bond: Amount Required

 

 

 

No specific amount of surety bond is stated by the Georgia statute for lottery retailers, although as a seller of lottery goods, you are required to purchase a surety bond or its equivalent.

Basically, the law is that the amount of bond required is “…in such amounts as required by the board.”

What this likely means is that based on your financials, history, number of locations, and other factors, the Board (Georgia Lottery Corporation) will determine what amount of surety bond you are required to purchase.

Anything that you have in writing from the Board in this regard will help us secure the best surety bond pricing for you.

 

 

 

Georgia Lottery Bond: Its Purpose

 

 

 

Whatever the amount required, the purpose of the Georgia lottery bond is a financial guarantee which ensures your compliance with all rules, statutes and regulations in your capacity as a retailer of lottery goods.

The bond protects the state of Georgia — and the state’s residents — from any malfeasance, fraud, theft, errors of commission and omission in your responsibility as a lottery retailer.

 

 

 

Georgia Lottery Bond: The Premium Amount And Bond Term

 

 

 

Without knowing the exact amount of the surety bond required, the bond’s premium will be less determinable.

As a general rule, however, the amount of a Georgia lottery retailer bond will be a small percentage of the amount required.

An applicant may expect to pay anywhere between 2-5% of the bond’s required amount as premium.

Factors which will affect the amount required include information provided on the application and an applicant credit score.

Once purchased and active, the bond is good for one year from the date of issuance.

A currently active surety bond must always remain on file to maintain eligibility as a Georgia lotto retailer.

Our agency will work for you to find the best surety bond pricing.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit surety bonds, contractor, and court bonds throughout Georgia.

Our agency also provides surety bonds nationwide.

Please call us today at

 

 

844-589-9732

 

 

 

Or, you may fill out our form below and an agent will contact you!

 

 

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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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