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.
















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.
Most applications are issued as soon as you pay — the application collects no credit information. 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.
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 the application collects no credit information.
Submit the application with the amount the Authority required — most executed bonds generate instantly, ready to deliver.
Start the application →Premiums from $100. Enter the amount the Authority required and deliver it the same day.