Before an Illinois gaming owners license is issued or re-issued (or a managers license is issued), the licensee must post a $200,000 bond to the State under the Illinois Gambling Act, 230 ILCS 10/10. Ours is $6,000 flat — 3% of the bond amount — with one soft credit pull.
















Your gaming license is conditioned on this bond being posted. Here's the entire process:
Your entity details, owners, and effective date — plus a one-time consent to a soft credit pull. The $200,000 amount is fixed, so there is nothing to size.
A six-figure gaming bond gets a proper underwriter review; if anything is needed, you hear from an underwriter within 48 hours. The soft pull never affects your score.
E-sign and pay, and receive the executed $200,000 bond ready to post in connection with your owners or managers license. Wet-ink originals provided as the Board requires.
$200,000 bond × 3% = $6,000, one-time per term. Fixed amount, fixed price, multi-year if you want it.
The Illinois Gambling Act (230 ILCS 10) — originally the Riverboat Gambling Act — licenses casino gaming through the Illinois Gaming Board. Section 10 of the Act conditions the issuance or re-issuance of an owners license (and the issuance of a managers license) on the licensee posting a bond to the State.
The bond is set at $200,000 and is used to guarantee that the licensee faithfully makes the required payments to the State and keeps its books and records in accordance with the Act. The surety's total aggregate liability is limited to the amount stated in the bond.
It is a guarantee, not insurance for the licensee: if the State recovers against the bond, the licensee repays the surety. Because the amount is fixed by statute at $200,000, the price is fixed too — $6,000 flat at our 3% rate, with one soft credit pull that informs approval, never the price.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. A six-figure gaming bond gets a real underwriter review before it issues.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
$6,000 flat, five-minute application, soft pull only, proper underwriter review. Free until issued.