Florida Lottery Retailer and Vendor Bonds

Florida Lottery Bond

Lottery retailers must apply for licensure with the Florida Lottery Commission and in some cases, the applicant will be required by the Commission to acquire a surety bond in order to be eligible for a license.

Lottery vendors that have entered into a procurement contract with the Commission that exceeds $25,000 are obligated to obtain a Lottery Vendor Bond.

VIEW YOUR BOND PRICE

Jet Insurance Company provides both the Lottery Retailer Bond and the Lottery Vendor Bond to act as a financial assurance to the Florida Lottery Commission that the retailer or vendor will follow all applicable license regulations. If a violation occurs, such as failing to pay lottery funds due to the Commission or committing a breach of contract, the surety bond will cover any financial losses the Commission or winning clients has incurred.

How Are the Bond Limits Determined?

According to the Florida Lottery Commission, the Lottery Retailer Bond must be equal to twice the average amount of lottery ticket sales within the period in which lottery funds are to be remitted. If you are a first-time lottery retailer applicant, the bond limit must be twice the average estimated lottery ticket sales for 90 days.

What Is the Cost of Each Florida Lottery Bond?

At Jet, the cost of the Lottery Retailer Bond is a small percentage of the bond’s limit and factors in the credit score of the retailer. For instance, applicants that are seeking up to a $10,000 bond limit can pay as little as $150 annually. 

For additional custom limits and preferred credit tier rates, take a look at the Jet price chart below.

Bond LimitCost
Up to $10,000$150
$20,000$300
$50,000$750
$80,000$1,200
FL Lottery Retailer Bond Pricing

As for the Lottery Vendor Bond, the limit is determined by the Commission at what they deem to be an appropriate amount. Considering that only vendors with a procurement contract that exceeds $25,000 need a surety bond, it is probably safe to say that bond limits will start at this amount and go up from there.

Why Are the Florida Lottery Retailer and Vendor Bonds Required?

The Florida Lottery Commission oversees the retailers and vendors to ensure that lottery operations are conducted according to regulation standards, as well as with integrity. If retailers do not make payments to winners, then there will be distrust in the lottery system and people will not participate.

A percentage of funds from lottery ticket sales go to the Bright Futures Scholarship Program, so the financial security provided by surety bonds is a necessary requirement to guarantee funds. In cases where the licensee commits a violation that results in financial damages, the commission or participant can choose to file a claim on either the Lottery Retailer Bond or the Lottery Vendor Bond to collect the restitution owed. 

How to Apply for the Florida Lottery Bonds With Jet

You may apply for either the Lottery Retailer Bond online or over the phone at 855-296-2663. For the Lottery Vendor bond, please call in.

To begin the application, Jet will need some general information from you such as your contact details, an indication of the bond limit required, and your social security number. Once submitted, a soft credit check will be run. No need to worry though—this won't impact your current score. As soon as this process is complete, you'll receive an approved rate via your email. All you need to do is fulfill the payment due and a copy of your receipt/bond form will be sent to you instantly.

Can Jet File Either of the Florida Lottery Bonds for Me?

Yes, and at no extra cost to you! However, if you would prefer to take care of this step yourself so that your licensure paperwork may be included, the option to do so may be selected at check out. For additional information on how to apply for either license, take a look at the following Commission’s pages: 

For Retailers
Become a Vendor

Both the Lottery Retailer Bond and Lottery Vendor Bond must be sent to the Florida Lottery Commission at the mailing address listed below. The original signed and sealed bond form is required for filing.

Florida Lottery Commission
250 Marriott Drive
Tallahassee, FL 32301

More Florida Lottery Bond Information

How to Renew My Bond

For annually-purchased bonds, see Jet’s process to renew your bond. Hint: it’s simple.

How to Cancel My Bond

See the details surrounding cancelling your bond.

Bond Claim Process

Lottery retailers and vendors need to be aware of what causes a claim and what happens after a claim is made.

Florida Lottery Bond Form Sample

Florida Lottery Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: