Aurora raffle manager bonds.
From $100.
Every City of Aurora raffle must have a designated raffle manager, who must post a fidelity bond when the anticipated aggregate prize value is greater than $500. The bond equals the aggregate retail value of the prizes up to $15,000; above that, the City requires corporate surety instead. Premiums cost 1% of the bond amount, $100 minimum.
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How much does an Aurora raffle manager bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Enter your total prize value, pay, and attach the bond to your raffle license application. Here is the whole thing:
Apply online
Your organization's details, the raffle manager's name, the aggregate retail value of your prizes, and the effective date — that is the application.
Approved
No credit check up to $10,000, and most applications approve instantly. Pricing is 1% of the bond amount, $100 minimum.
File with your raffle application
Your executed fidelity bond arrives by email, ready to attach to your Aurora raffle license application alongside your organization's raffle rules.
What it is and who needs it.
What the raffle manager fidelity bond actually guarantees
The City of Aurora requires a raffle license for any raffle held within the city, and every licensed raffle must name a single designated raffle manager responsible for its conduct. When the anticipated aggregate value of the prizes is greater than $500, Aurora requires that manager to post a fidelity bond — a guarantee of the manager's honest handling of the raffle and its proceeds — before the license issues.
It is a three-party arrangement: you (the raffle manager, as principal), the surety carrier, and your organization as the party protected by the bond. If the manager mishandles raffle funds or prizes, the organization can recover against the bond.
The required amount is the aggregate retail value of the prizes, whenever that value is greater than $500 and less than $15,000; above $15,000, Aurora requires corporate surety in place of this bond. Enter your total prize value and your premium is priced from a $100 minimum. It is not insurance for you — if the surety pays a claim, you repay the surety.
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.
Renewal falls on the statutory date, October 7, in the year your term ends.
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 your raffle application. Your executed fidelity bond arrives by email, ready to attach to your Aurora raffle license application alongside your organization's raffle rules.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $10,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields. No credit check up to $10,000.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Attach your raffle bond and file today.
From $100, no credit check up to $10,000, bond often issued in the same sitting. Free until issued.