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Tennessee Lottery Retailer Bond

The Tennessee lottery retailer bond is typically required of vendors who are licensed to sell tickets in the state. Please call AmeriPro Surety Bonds with your surety bond request today.  Our contact phone number is:   844-589-9732.

Tennessee Lottery Retailer Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Lottery Retailers – Tennessee

 

 

 

Tennessee allows a wide range of businesses to offer lottery tickets. Besides your traditional convenience store or gas stations, lottery tickets may also be sold at restaurants, barber shops, beauty salons, and electronic stores.

Pawn shops and payday lender stores, however, are not permitted to sell lottery tickets in Tennessee.

In addition to licensing by the state, which involves their own credit and background check, a surety bond is required.

AmeriPro Surety Bonds offers this bond for you as both a new and renewal surety bond.

 

 

 

Tennessee Lottery Retailer Bond: Amount Required and Its Price (or Premium)

 

 

 

While a Tennessee lottery retailer bond is required of new and renewal businesses, no specific surety bond amount is provided by statute.

Instead, according to Tennessee statute 4-51-118, you will be required to procure an “appropriate bond” as determined by the state.

Quick note: For quickest ease of facilitating your bond request, anything you have in writing from the Tennessee Education Lottery Corporation will best help us to get your required bond.

Depending on the bond amount required and information provided by you in a standard surety bond application, a well qualified applicant may pay between 1%-2% of the bond amount for premium.

However, a credit score check is also typically required. Therefore, the premium required may vary somewhat.

 

 

 

The Purpose of this Surety Bond

 

 

 

The purpose of the Tennessee lottery retailer bond is to act as a financial guarantee that a lottery retailer will be in compliance with all rules, regulations, and amendments in the sell of lottery tickets.

The bond protects the consumer — not your lottery retailer business — from acts of fraud, theft, or malfeasance in the selling or administration of lottery tickets entrusted to you.

As principal of this surety bond, you are responsible for all costs and fees should any claims be paid against your bond at any time.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency.

We provide license and permit, court, and fiduciary surety bonds throughout Tennessee. Please call our agency today at:

 

 

 

844-589-9732

 

 

 

Or, you may fill out the 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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