Minnesota Gambling Manager Bond | AmeriPro Surety Bonds | 844-589-9732
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Gambling – Minnesota
In Minnesota, gambling organizations are required to be under the supervision of a “gambling manager”. The Minnesota Gambling Control Board regulates the licensing of managers. The requirements for the licensing of a gambling manager are found on the state’s website. Our agency makes meeting the surety bond requirement easy and it will only take a few minutes of your time.
Amount of Surety Bond – Qualifying – Premium
Required by statute, the Minnesota gambling manager bond is a $10,000 surety bond. Qualifying involves merely completing an application (which can be done over the phone), and payment of the $100 annual premium. Thereafter the bond is issued to you immediately. There is no credit inquiry or underwriting for this surety bond.
Premium Prepayment Options
This surety bond is issued with a standard term of one year. Thereafter, the bond renews. You have the option of prepayment of your gambling manager surety bond for 2 or 3 years. Prepayment allows you to save over year to year renewal of the bond. The breakdown for prepayment is as follows: Prepayment of 2 years is $180, a savings of $20; Prepayment of 3 years is $260, a savings of $40. Once selected and paid, there are no refunds for any payment option amounts.
Purpose of Your Surety Bond Requirement
Simply stated, the purpose of the gambling manager surety bond requirement is a financial guarantee which ensures that you will observe all laws related to the profession. As a reminder, a gambling manager cannot be the manager for more than one organization; an organization cannot conduct gambling without a gambling manager; and a gambling organization cannot have more than one manager at the same time.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Minnesota. We also provide surety bonds nationwide. Please call us today at:
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