Illinois riverboat gambling bonds.
$2,000 flat.
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 $2,000 flat — the price you see is the checkout price — with a quick soft credit check that may apply.
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How much does an Illinois riverboat gambling bond cost?
$2,000 at the $200,000 amount, the same for every applicant.
Three steps to a posted bond.
Your gaming license is conditioned on this bond being posted. Here's the entire process:
Apply once, online
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.
Reviewed & approved
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.
Post the bond with the State
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.
What it is and who needs it.
What the riverboat gambling bond guarantees
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 — $2,000 flat, set by our carrier's rate book, with one soft credit pull that informs approval, never the price.
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 $200,000 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; a longer term is the same price per year, chosen at checkout.
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
Post the bond with the State. 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.
What sets the price
The premium is fixed at $2,000 at the $200,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or 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 proper review.
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 →Common questions.
Other Illinois bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Post your gaming bond, fast.
$2,000 flat, short application, soft pull only, proper underwriter review. Free until issued.