Minnesota lottery retailer bonds.
From $100.

The Minnesota State Lottery can require a lottery retailer to post a bond as a condition of its license, protecting the funds the retailer owes the state. The director sets the amount under Minn. Stat. 349A.06. Pricing starts from $100, and the application collects no credit information — enter the amount the Lottery required.

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Posted under Minn. Stat. 349A.06 when the Lottery director requires security to protect state funds

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Amount set by the director — often tied to your ticket-sales volume (commonly a multi-week average)

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From $100, no credit fields in the application — enter the required amount and see your price at the application

From $100priced at 2% of the bond amount, $100 minNo SSNin the applicationFastinstant issuance for most

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How it works

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:

TODAY · ONLINE

Apply online

Your business details, the bond amount the Lottery set, and the effective date — that is the entire application.

INSTANTLY

Issued on the spot

The application collects no credit information, so most bonds are generated as soon as you pay. Larger amounts may get a quick soft-pull review that never affects your score.

SAME DAY

File with the Minnesota State Lottery

Submit the executed bond to the Lottery as a condition of your retailer license. Wet-ink originals mailed whenever the Lottery insists.

About this bond

What it is and who needs it.

What the lottery retailer bond covers

Minnesota licenses lottery retailers through the Minnesota State Lottery under Minn. Stat. 349A.06. Most retailers never post a bond — but the statute lets the director require a bond, securities, or an irrevocable letter of credit, in an amount the director deems necessary to protect the financial interests of the state.

The bond stands behind the money a retailer owes the Lottery — ticket-sales proceeds and fees held in trust before they are remitted. If a retailer fails to remit, the state can recover against the bond. When required, the amount is generally tied to a retailer’s sales volume so it tracks the funds at risk.

Whatever figure the director sets, pricing starts from $100 and the application collects no credit information. If the director accepts a letter of credit or deposited securities instead, those are alternatives the statute allows — a surety bond is usually the cheapest way to satisfy the requirement.

Minn. Stat. 349A.06 (lottery retailers)Minn. Stat. 349A.06 authorizes the Minnesota State Lottery director to require a lottery retailer to post a bond, securities, or an irrevocable letter of credit in an amount the director deems necessary to protect the financial interests of the state. The bond secures funds owed to the Lottery; the required amount is set case by case, commonly tied to the retailer’s ticket-sales volume. Confirm your required amount with the Lottery.

You need this bond if you are

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A retailer the Lottery has asked to bond as a condition of your license

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A new or high-volume retailer whose sales the director wants secured

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Reinstating a retailer license after the Lottery required security

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Replacing a letter of credit with a cheaper surety bond the statute also allows

One application, issued on the spot.

Submit the application with the bond amount the Lottery set — the executed bond is generated instantly, ready to file.

Start the application →

FAQ

Common questions.

How much is the Minnesota lottery retailer bond?The price is 2% of the bond amount, with a $100 minimum. The amount itself is set by the Lottery director — typically tied to your ticket-sales volume. Enter that figure and your exact price appears at the application.

Do all retailers need this bond?No. Most lottery retailers never post a bond. Under Minn. Stat. 349A.06 the director requires one only when it is deemed necessary to protect the state’s financial interests — often for higher-volume accounts.

Is there a credit check?The application collects no credit information for this bond. Most applications approve instantly; if a check ever runs, it is a soft pull that never affects your score.

What does the bond protect against?It protects the funds a retailer owes the Lottery — ticket-sales proceeds held before remittance. If you fail to remit, the state recovers against the bond, and if the surety pays, you repay the surety.

Can I post a letter of credit instead?The statute lets the director accept a bond, securities, or an irrevocable letter of credit. A surety bond is usually cheapest, since you pay a small premium rather than tying up the full amount in cash or bank collateral.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Minnesota bonds.

Lottery retailer bond, issued today.

Pricing from $100. Enter the amount the Lottery set and file the same day.

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