Promoters of wrestling, boxing, karate, or other unarmed combat matches or events must submit a $10,000 Promoter License and Refund Bond (Fight Promoter Bond) with the State of Nevada Athletic Commission. The bond is used to protect ticket purchasers and the Commission from promoters who fail to fulfill the obligations of their license.
The Athletic Commission exists to protect the health and safety of contestants and the public. Purchasing a Promoter Bond with Jet shows the Commission that your actions will not cause financial harm.
Jet offers the Promoter License and Refund Bond for as low as $10 per month for preferred credit applicants. If you prefer annual payments, our rates start at $100 a year. Rates will depend on a soft credit check.
When you purchase your Promotor Bond with us, you are buying directly from Jet. No middlemen or outside agents are involved that will hike up your costs with broker fees and commissions.
Click the application button above to see your quote for a Promoter Bond. Jet’s application is simple and only asks for general business information and a social security number (this is needed for the soft credit check, which determines your approved rate). After the credit check, you will be sent an approved rate that is immediately available to purchase.
When purchasing your Promoter Bond, you can leave it to Jet to file with the Commission or choose to file it yourself. If sending it yourself, perhaps with the initial license application, the original bond must be filed at:
Nevada Athletic Commission
3300 West Sahara Ave, Ste 450
Las Vegas, NV 89102
Jet will notify you when your bond is due for renewal — monthly payments are not tied to a renewal schedule and will remain in effect with each processed payment. All you have to do is fill out the renewal form (whether online or through the mail) and complete payment for the new term.
If you no longer need your bond, email Jet at email@example.com with a written request. We will notify the Commission of the cancellation so they can begin the 30-day process before the cancellation is final. After this time period is up and Jet is released from liability, our team will calculate the remaining time on the bond into a refund.
In its essence, the Promoter Bond is used to guarantee ticket purchasers will be refunded if the event is cancelled or postponed or that the promoter will pay all fees owed to the Commission within 15 days following the event’s advertised date. Failure to complete such payments will result in claims on the Promoter License and Refund Bond, either by purchasers who have not received a refund or the Commission. The Commission can file claims on behalf of purchasers or itself. In addition to these obligations, a promoter is bound to the Nevada Revised Statutes, Chapter 467. A claim can be filed for the recovery of damages caused by a promoter violating these statutes.
It is in your best interest to try and complete refunds when they are required and follow the obligations of your license indicated in the statutes. If you fail to do so and receive a claim on your bond, contact Jet as soon as possible. We will review the evidence put forth to defend you against false claims, but if the evidence corroborates the claim, we are obligated to pay the injured party. Since your actions were the cause of the claim, you are held responsible and must pay Jet back.
A promoter may need to file a deposit in an amount specified by the Athletic Commission if the Promoter Bond would not be enough coverage for an event. The additional deposit must be submitted no less than five days before the event, match, or exhibition.