State Lottery Surety Bond

A State Lottery Surety Bond is a license and permit surety bond required by certain jurisdictions to sell state lottery tickets in that jurisdiction. Most jurisdictions will require the bond before you will receive your license to sell lottery tickets or have a lottery machine on your premises. The bond guarantees that the business will sell the tickets at the agreed upon price and remit funds due to the issuing government department as agreed upon when the license was issued.

These are also known as Lottery Surety Bonds.