Iowa lottery agent bonds.
From $100.
The Iowa Lottery Authority can require a lottery retailer to post a surety bond before licensing, under Iowa Code § 99G.26. There is no fixed statutory amount — the Authority sets it case by case. Premiums are 2% of the bond amount, $100 minimum — your exact price appears in the on-page calculator.
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How much does an Iowa lottery agent bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard lottery bond — enter your amount, pay, and deliver it to the Authority. Here is the whole thing:
Apply online
Your business details, the amount the Authority required, and the effective date — that is the application.
Issued on the spot
Most applications are issued as soon as you pay — no credit check up to $10,000. Above $10,000, a soft pull may add a short review.
Deliver to the Lottery Authority
Submit the executed bond to the Iowa Lottery Authority to satisfy your retailer licensing condition. Wet-ink originals mailed on request.
What it is and who needs it.
What the lottery bond actually covers
Iowa lottery retailers are licensed by the Iowa Lottery Authority under Iowa Code chapter 99G. Section 99G.26 gives the Authority the power — but not an automatic requirement — to make a retailer post an appropriate bond before receiving a license.
The bond protects the public and the Authority: it stands behind the retailer's duty to remit lottery proceeds owed to the Authority and to comply with the lottery laws, so the state is covered if a retailer commits fraud or fails to remit funds.
Because the statute names no minimum or maximum, the amount is whatever the Authority sets for your situation — often tied to your sales volume or settlement risk. Enter that figure — premiums start from $100 and no credit check up to $10,000.
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
Deliver to the Lottery Authority. Submit the executed bond to the Iowa Lottery Authority to satisfy your retailer licensing condition. 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.
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 on the spot for most.
Submit the application with the amount the Authority required — most executed bonds generate instantly, ready to deliver.
Start the application →Common questions.
Other Iowa bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Lottery agent bond, issued today.
Premiums from $100. Enter the amount the Authority required and deliver it the same day.