Arizona event wagering operator bonds.
From $10,000.
Arizona requires a licensed event wagering operator to maintain a reserve, which can be a surety bond, of the greater of $500,000 or the amount needed to cover all outstanding liability and player funds (Ariz. Admin. Code § R19-4-113). Premiums cost 2% of the bond amount.
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How much does an Arizona event wagering operator bond cost?
2% of the bond amount, from $10,000 at the $500,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The bond is one of several forms the reserve rule accepts — enter your amount, consent to a soft pull, and file with the Department of Gaming. Here is the whole thing:
Apply online
Your company details, the reserve amount your license requires, the effective date, and a one-time credit consent authorizing a soft pull.
Approved
The soft pull informs approval and never affects your score; pricing is 2% of the reserve amount. Because these reserves run six figures and up, larger amounts may get a brief underwriter review.
File with the Department of Gaming
Your executed bond and power of attorney arrive by email, ready to file as part of your event wagering license record. Wet-ink originals mailed on request.
What it is and who needs it.
What the event wagering reserve actually guarantees
Arizona licenses event wagering operators — the sportsbooks and mobile wagering platforms taking bets on sporting events — through the Arizona Department of Gaming. As a condition of that license, the operator (termed a "responsible party" in the rule) must keep a reserve on hand at all times so player-account balances and outstanding wagering obligations can actually be paid, win or lose on the operator’s side.
Under Ariz. Admin. Code § R19-4-113, the reserve can be cash, cash equivalents, payment-processor reserves or receivables, an irrevocable letter of credit, a surety bond, or any combination — in an amount that is the greater of $500,000 or whatever is necessary to cover outstanding event wagering liability and funds held in player accounts. A bond is the capital-efficient choice: instead of parking six or seven figures in a bank account or letter-of-credit facility, the operator pays a one-time premium and the surety stands behind the reserve obligation.
It is a three-party arrangement — you (the principal), the surety, and, functionally, the Department of Gaming and Arizona bettors as the protected interest. If the operator cannot cover player funds or wagering liability, a claim can reach the bond. Enter the reserve figure your license requires; we price the bond at 2% of that amount, after a soft credit consent that never affects your score.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Department of Gaming. Your executed bond and power of attorney arrive by email, ready to file as part of your event wagering license record. Wet-ink originals mailed on request.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, then a quick review.
These are the actual underwriting fields, including a one-time credit consent authorizing a soft pull. Because these reserves run six figures and up, larger amounts may get a brief underwriter review.
Start the application →Common questions.
Other Arizona bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Reserve requirement, one bond.
2% of the bond amount. Enter your required reserve and file with the Department of Gaming.