New York promoter purse bonds.
$200 flat.
A licensed New York boxing or MMA promoter files two bonds with the Secretary of State under 19 NYCRR 207.14(b). This is the second one: a $20,000 bond guaranteeing professionals’ purses, licensed club employees’ salaries, and the costs of printing tickets and advertising. Ours is $200 flat.
Trusted by industry leaders
How much does a New York promoter purse bond cost?
$200 at the $20,000 amount, the same for every applicant.
Three steps. One sitting.
Promoter bonds are about the simplest thing in surety. Here is the entire process:
Apply online
Promoter details, the county you operate from, a contact person, and an effective date. No financials, no credit check.
Pay & e-sign
Promoter bonds are among the thousands of bond types that issue right after purchase.
File with the Secretary of State
Your executed bond and power of attorney arrive by email, ready to file with the $10,000 faithful-performance bond so both are live on your date of licensure. Wet-ink original mailed on request.
What it is and who needs it.
What the promoter purse bond actually guarantees
19 NYCRR 207.14(b) puts two bonds in front of a professional boxing or mixed martial arts promoter, both filed with the Secretary of State and both approved as to form and sufficiency of sureties. The first, $10,000, is conditioned on faithful performance of Article 41 of the General Business Law and the Commission’s rules. This one, $20,000, is the payment guarantee — it stands behind professionals’ purses, the salaries of club employees licensed by the Commission, and the legitimate expenses of printing tickets and all advertising material.
That list is the whole point of the bond. A promoter takes gate and broadcast money in before the fighters, the cornermen and the printers get paid out; the $20,000 bond is the backstop if the money is not there afterwards. It is a three-party arrangement — you (the principal), the surety carrier, and the State (the obligee) — with the people you owe as the protected parties. It is not insurance for you: if the surety pays an unpaid purse, you repay the surety.
Keep both bonds live. The rule states that all such bonds must be in effect on the date of licensure, and that any lapse or expiration in either bond during the license period is cause for immediate license suspension until the bond is renewed or a new one is filed and approved. Promoter licenses related to professional boxing and mixed martial arts are annual and expire one year after issuance (19 NYCRR 207.4), so the renewal cycle comes round quickly.
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 $20,000 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; a longer term is the same price per year, chosen at checkout.
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 Secretary of State. Your executed bond and power of attorney arrive by email, ready to file with the $10,000 faithful-performance bond so both are live on your date of licensure. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $200 at the $20,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields — promoter details, county, contact person, effective date. No credit check.
Start the application →Common questions.
Other New York bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Get both promoter bonds filed today.
$200 flat, fixed amount, bond often issued in the same sitting. Free until issued.