Lottery Bond Information
A Lottery Bond (also called a Lotto Bond) is a requirement for retailers that sell lottery tickets. The surety bond generally guarantees that the establishment operating the lottery machines will not tamper with, misuse or manipulate the machines and related equipment in any way. Additionally, required taxes must be paid to the applicable state authority. All lottery sales on the premise must be conducted in accordance with state lottery commission guidelines and other applicable state laws. Surety bond amounts are determined by the state commission and typically vary based on lottery sales volume.