Louisiana sports wagering operator bonds.
From $2,000.
Every Louisiana sportsbook operator must segregate player funds or hold a reserve of at least $100,000, or its outstanding liability to bettors if higher. The Louisiana Gaming Control Board’s rule, LAC 42:VI.705, lets the reserve be cash, a letter of credit, a bond, or a mix. Premiums cost 2% of the bond amount.
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How much does a Louisiana sports wagering operator bond cost?
2% of the bond amount, from $2,000 at the $100,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Once your finance team has sized the reserve, the bond itself is short paperwork. Enter the amount, consent to a soft pull, and add the bond to your reserve documentation. Here is the whole thing:
Apply online
Your company details, its type of organization and state of formation, the bond amount, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most applications clear on the spot. The soft credit pull informs approval and never affects your score. Larger amounts may get a short underwriter look before issue. Your premium is 2% of the bond amount.
Add it to your reserve
Your executed bond and power of attorney arrive by email. Count it in the month-end reserve documentation you send the State Police gaming division, and confirm with the division how it wants the original lodged.
What it is and who needs it.
What the sports wagering reserve bond actually guarantees
Louisiana legalized sports betting under the Louisiana Sports Wagering Act, and the Act gives the Gaming Control Board “authority, control, and jurisdiction” over it (La. R.S. 27:603(A)(1)). The Act also tells the Board to set standards for the reserves an operator must keep, and the forms those reserves may take (La. R.S. 27:603(A)(2)(a)(iv)). The Board did that in LAC 42:VI.705, which gives every operator two choices: keep player account funds segregated from operating funds, or hold a reserve that covers what it owes bettors.
The reserve must be at least the greater of $100,000 or the operator’s outstanding sports wagering liability. That liability is the sum of wagers on future events, unpaid winnings, and sports wagering account balances. The rule lets the reserve take the form of cash, cash equivalents, payment processor reserves or receivables, an irrevocable letter of credit, a bond, or any mix of these. A surety bond lets an operator meet part or all of the reserve without tying up that cash. The same reserve requirement also appears as a required internal control in LAC 42:VI.501(F)(9).
The bond runs in three directions. The operator is the principal, the surety backs it, and the carrier’s form names the Louisiana Gaming Control Board as obligee. If the operator can’t pay what it owes bettors on winnings and account balances, a claim can be made on the bond, and the operator then repays the surety. Reserve funds may not be used for operations, or encumbered by other gaming activity. Your premium is 2% of the amount you bond, after a soft credit pull that never affects your score.
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 term is set on the carrier’s application; the premium covers the period shown there.
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
Add it to your reserve. Your executed bond and power of attorney arrive by email. Count it in the month-end reserve documentation you send the State Police gaming division, and confirm with the division how it wants the original lodged.
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.
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, priced at checkout.
These are the actual underwriting fields, including your organization type, state of formation, and a one-time consent to a soft credit pull. The pull never affects your score, and your price, 2% of the bond amount, is set at application.
Start the application →Common questions.
Other Louisiana bonds.
Price and requirements checked on the carrier’s application, .
Cover your player-funds reserve without idle cash.
2% of the bond amount, soft pull only. Enter the part of the reserve you want bonded and count it in this month’s reserve report. Free until issued.