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. Whatever amount you were asked for, we issue it at a flat 3% with no credit check.
















No underwriting queue for the standard lottery bond — enter your amount, pay, and deliver it to the Authority. Here is the whole thing:
Your business details, the amount the Authority required, and the effective date — that is the entire application.
No credit check and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
Submit the executed bond to the Iowa Lottery Authority to satisfy your retailer licensing condition. Wet-ink originals mailed on request.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the figure the Authority required and the premium updates.
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 and we issue the bond at a flat 3% with no credit check.
Submit the application with the amount the Authority required — the executed bond is generated instantly, ready to deliver.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
Five-minute application, flat 3%, $275 minimum. Enter the amount the Authority required and deliver it the same day.