Tennessee lottery retailer bonds.
From $100.
The bond the Tennessee Education Lottery Corporation can require from a retailer as financial security for the tickets and proceeds it handles. The Lottery sets the amount — sized to your ticket sales under T.C.A. 4-51-118 — and premiums start from $100, with no credit check up to $10,000 on the application.
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How much does a Tennessee 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 retailer bond — enter your amount, pay, and file with the Lottery. Here is the whole thing:
Apply online
Your business details, the bond amount the Lottery required, and the effective date — that is the application.
Issued on the spot
No credit check up to $10,000. Above $10,000, a soft pull may add a short review.
File with the Education Lottery
Submit the executed bond to the Tennessee Education Lottery Corporation to satisfy your retailer security requirement. Wet-ink originals mailed whenever they insist.
What it is and who needs it.
What the retailer bond actually covers
Tennessee runs its lottery through the Tennessee Education Lottery Corporation (TELC) under the Tennessee Education Lottery Implementation Law (T.C.A. Title 4, Chapter 51). Retailers sell tickets on the Lottery’s behalf and owe it for the tickets and proceeds — so TELC can require financial security from a retailer to protect those funds.
A bond is not required of every retailer. When TELC does require one, the amount is set by the Corporation, based on the retailer’s anticipated ticket sales — and by rule it never exceeds a district’s lottery ticket expense for two billing periods. The statute calls for an “appropriate bond,” leaving the figure to the Lottery.
The bond guarantees the retailer pays all sums due TELC for tickets and proceeds and complies with the lottery rules. If a retailer falls short, TELC can recover against the bond — and if the surety pays, the retailer repays the surety. We issue the amount TELC set, with premiums from $100 and no credit check up to $10,000 on the application.
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 Education Lottery. Submit the executed bond to the Tennessee Education Lottery Corporation to satisfy your retailer security requirement. Wet-ink originals mailed whenever they insist.
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 Lottery set — most bonds are generated instantly, ready to file with TELC.
Start the application →Common questions.
Other Tennessee bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Lottery retailer bond, issued today.
Premiums from $100. Enter the amount the Lottery required and file the same day.