Lottery Bond
License & Permit Bonds
Price: Depends on application
- The Tennessee Lottery Bond serves as a mandatory financial guarantee required by the Tennessee Education Lottery Corporation for all lottery retailers and operators within the state. This surety bond is designed to ensure compliance with state regulations and the terms of the lottery license agreement. It acts as a safeguard against fraudulent activities and ensures that all lottery proceeds are accurately accounted for and allocated, primarily towards educational funding and scholarship programs. The bond provides a legal recourse for the state and the public in the event of non-compliance or malfeasance by the bonded entity. By requiring this bond, Tennessee upholds the integrity of its lottery system, ensuring that operations are conducted transparently and responsibly, with a focus on the ethical generation and distribution of funds for educational enhancement.
To purchase your Tennessee Lottery Bond simply click on the "Buy Now" button. You will then be guided through a brief set of questions. After which you'll pay online and sign using DocuSign. Your new surety bond will be signed and sealed as a full-color PDF document for printing.
Securing a Tennessee Lottery Bond surety bond is a commitment by principals to adhere to the stipulations of contractual and legal obligations.
Note: If the bond requires underwriting, it may take up to 24 hours.
