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Mississippi lottery retailer bonds.
From $100.
The Mississippi Lottery Corporation requires each retailer to post a bond or letter of credit securing the lottery funds it collects. Under Miss. Code § 27-115-59 the amount is up to twice your average ticket sales, and first-time retailers commonly start at $8,000. Pricing is 2% of your bond amount, with a $100 minimum.
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Three steps. One sitting.
No underwriting queue for the standard lottery retailer bond — enter your amount, pay, and file with the MLC. Here is the whole thing:
Apply online
Your business details, the retail location, the bond amount the MLC set, and the effective date — that is the entire application. No credit section to fill out.
Issued on the spot
No waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review; if a check ever runs, it's a soft pull that never affects your score.
File with the Mississippi Lottery Corporation
Submit the executed bond to the MLC for your retailer contract. Wet-ink originals mailed whenever the corporation insists.
What it is and who needs it.
What the lottery retailer bond actually covers
When you sell Mississippi Lottery tickets, you collect lottery funds that belong to the corporation. Miss. Code § 27-115-59 lets the Mississippi Lottery Corporation require each retailer to post a letter of credit or a surety bond to secure those funds and your reporting obligations between remittances.
The statute caps the bond at an amount not to exceed twice the average lottery ticket sales of the retailer for the period within which the retailer must remit funds. First-time retailers are commonly bonded at $8,000 per location; once the MLC has your sales data, it adjusts the bond to track your actual volume.
The bond stands behind the funds you owe the corporation — if you fail to remit, the MLC can recover against it. If the surety pays a claim, you repay the surety; it is not insurance for you. Enter the amount the MLC set and pricing starts from $100; the application collects no credit information, and pricing is 2% of the bond amount, with a $100 minimum.
You need this bond if you are
One application, issued on the spot.
Submit the application with the bond amount the MLC set — the executed bond is generated instantly, ready to file with the Mississippi Lottery Corporation.
Start the application →Common questions.
Other Mississippi bonds.
Lottery retailer bond, issued today.
Pricing from $100. Enter the amount the MLC set and file the same day.