Mississippi lottery retailer bonds.
From $100.
The Mississippi Lottery Corporation requires each retailer to post a bond or letter of credit securing the lottery funds it collects. Under Miss. Code § 27-115-59 the amount is up to twice your average ticket sales, and first-time retailers commonly start at $8,000. Pricing is 2% of your bond amount, with a $100 minimum.
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How much does a Mississippi lottery retailer 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 retailer bond — enter your amount, pay, and file with the MLC. Here is the whole thing:
Apply online
Your business details, the retail location, the bond amount the MLC set, and the effective date — that is the application. No credit check up to $10,000.
Issued on the spot
No waiting — the executed bond is generated as soon as you pay. Above $10,000, a soft pull may add a short review.
File with the Mississippi Lottery Corporation
Submit the executed bond to the MLC for your retailer contract. Wet-ink originals mailed whenever the corporation insists.
What it is and who needs it.
What the lottery retailer bond actually covers
When you sell Mississippi Lottery tickets, you collect lottery funds that belong to the corporation. Miss. Code § 27-115-59 lets the Mississippi Lottery Corporation require each retailer to post a letter of credit or a surety bond to secure those funds and your reporting obligations between remittances.
The statute caps the bond at an amount not to exceed twice the average lottery ticket sales of the retailer for the period within which the retailer must remit funds. First-time retailers are commonly bonded at $8,000 per location; once the MLC has your sales data, it adjusts the bond to track your actual volume.
The bond stands behind the funds you owe the corporation — if you fail to remit, the MLC can recover against it. If the surety pays a claim, you repay the surety; it is not insurance for you. Enter the amount the MLC set and pricing starts from $100; no credit check up to $10,000, and pricing is 2% of the bond amount, with a $100 minimum.
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
File with the Mississippi Lottery Corporation. Submit the executed bond to the MLC for your retailer contract. Wet-ink originals mailed whenever the corporation insists.
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.
Submit the application with the bond amount the MLC set — the executed bond is generated instantly, ready to file with the Mississippi Lottery Corporation.
Start the application →Common questions.
Other Mississippi bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Lottery retailer bond, issued today.
Pricing from $100. Enter the amount the MLC set and file the same day.