IL riverboat gambling bonds.
$2,000 flat.

Before an Illinois gaming owners license is issued or re-issued (or a managers license is issued), the licensee must post a $200,000 bond to the State under the Illinois Gambling Act, 230 ILCS 10/10. Ours is $2,000 flat — the price you see is the checkout price — with a quick soft credit check that may apply.

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Required before an owners or managers license is issued or re-issued under 230 ILCS 10/10

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Fixed $200,000 bond, posted to the State — guarantees the licensee’s payments and recordkeeping

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A quick soft credit check may apply — never a hard inquiry, no impact on your score

A-ratedA.M. Best carriers$2,000flat, issued instantlySoft pullnever a hard inquiry

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How it works

Three steps to a posted bond.

Your gaming license is conditioned on this bond being posted. Here's the entire process:

TODAY · ONLINE

Apply once, online

Your entity details, owners, and effective date — plus a one-time consent to a soft credit pull. The $200,000 amount is fixed, so there is nothing to size.

WITHIN 48 HOURS

Reviewed & approved

A six-figure gaming bond gets a proper underwriter review; if anything is needed, you hear from an underwriter within 48 hours. The soft pull never affects your score.

ON APPROVAL

Post the bond with the State

E-sign and pay, and receive the executed $200,000 bond ready to post in connection with your owners or managers license. Wet-ink originals provided as the Board requires.

About this bond

What it is and who needs it.

What the riverboat gambling bond guarantees

The Illinois Gambling Act (230 ILCS 10) — originally the Riverboat Gambling Act — licenses casino gaming through the Illinois Gaming Board. Section 10 of the Act conditions the issuance or re-issuance of an owners license (and the issuance of a managers license) on the licensee posting a bond to the State.

The bond is set at $200,000 and is used to guarantee that the licensee faithfully makes the required payments to the State and keeps its books and records in accordance with the Act. The surety's total aggregate liability is limited to the amount stated in the bond.

It is a guarantee, not insurance for the licensee: if the State recovers against the bond, the licensee repays the surety. Because the amount is fixed by statute at $200,000, the price is fixed too — $2,000 flat, set by our carrier's rate book, with one soft credit pull that informs approval, never the price.

230 ILCS 10/10 (Illinois Gambling Act)Under Section 10 of the Illinois Gambling Act (230 ILCS 10/10; formerly the Riverboat Gambling Act), before an owners license is issued or re-issued, or a managers license is issued, the licensee must post a $200,000 bond to the State of Illinois to guarantee that the licensee faithfully makes the required payments, keeps its books and records, and conducts its operation in accordance with the Act. The surety’s aggregate liability is limited to the bond amount.

You need this bond if you are

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Applying for an Illinois owners license for a casino/gaming operation

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Having an owners license re-issued and re-posting the required bond

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Being issued a managers license under the Gambling Act

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Replacing an expiring gaming bond to keep your license in good standing

One application, then a proper review.

These are the actual underwriting fields, including a one-time consent to a soft credit pull. A six-figure gaming bond gets a real underwriter review before it issues.

Start the application →

FAQ

Common questions.

How much is the Illinois riverboat gambling bond?$2,000 flat — set by our carrier's rate book for this specific bond, the same for every owner licensee. The $200,000 amount is set by 230 ILCS 10/10, so there is no quote process on the amount or the price.

Do I pay the $200,000?No. You pay $2,000 per term. The $200,000 is the surety's maximum liability to the State if a valid claim is made against the bond — not a deposit, and nobody holds your money.

What does the bond guarantee?That the licensee faithfully makes its required payments to the State, keeps its books and records, and operates in accordance with the Illinois Gambling Act. If the State is paid on a claim, the licensee repays the surety.

Is there a credit check?Yes — one soft credit pull, which never affects your score. A six-figure gaming bond is properly underwritten, so credit informs approval, but the price stays $2,000 flat either way.

When is the bond required?Before an owners license is issued or re-issued, and before a managers license is issued. It must stay posted for the license to remain in good standing.

Related bonds

Other Illinois bonds.

Post your gaming bond, fast.

$2,000 flat, short application, soft pull only, proper underwriter review. Free until issued.

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Your price$2,000

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