Missouri Lottery Bond |
AmeriPro Surety Bonds | 844-589-9732
Lottery Retailers – Missouri
As a condition of licensing, Missouri lottery retailers must furnish evidence of a surety bond for each location in which they offer lottery tickets.
The tickets sold refer to Scratcher’s/on-line/ and Club Games.
Missouri Lottery Bond: Amount Required and the Cost
According to state regulations, the Missouri lottery bond is a $30,000 surety bond required of each lottery retailer location.
The amount of the surety bond will be determined by the following:
- In increments of $30,000, how much surety bond you are required to obtain;
- Information provided in a standard surety bond application;
- Your credit score.
As a broad general rule, a well qualified applicant may pay as little as between 1-1.75% for this surety bond; however, because information and credit scores will vary from one applicant to another, the pricing for this surety bond can have some variation.
The Bond’s Term or Duration
Once issued, the Missouri lottery bond will be active for one year from the date of issuance.
It would be ideal to have the bond run for the term of your licensing. This is so as to prevent any gaps in surety bond coverage.
An active surety bond must always remain on file with the state of Missouri as a condition of licensing.
The Bond’s Purpose
The purpose of the lottery retailer bond is that a licensed dealer will be in compliance with all rules, regulations, and statutes, governing the sales, handling, and dealing of lottery tickets.
The bond protects the state of Missouri from any malfeasance and misfeasance from lottery retailers, any employers, agents, or managers.
As principal of this bond, in the event that any claims are paid against your bond, you must in turn indemnify the surety.
AmeriPro Surety Bonds is a surety bonds-only agency.
We provide license and permit, fiduciary, and court surety bonds throughout Missouri and nationwide.
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