North Carolina Lottery Bond

A North Carolina Lottery Bond is a type of surety bond required by the North Carolina Education Lottery (NCEL) for licensed lottery retailers. It ensures that retailers faithfully remit payments for lottery ticket sales as specified in their contract. The bond amount is determined by the NCEL on a case-by-case basis, with a minimum requirement of $2,000.  The cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150.

How to Get a North Carolina Lottery Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the North Carolina Lottery Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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How to Be a NC Lottery Retailer

To become a North Carolina Lottery retailer, you’ll need to go through an application process with the North Carolina Education Lottery (NCEL). Here’s a general overview of the steps involved:

• Meet the Basic Requirements
  • Be at least 21 years old.
  • Be registered to do business in North Carolina.
  • Not be engaged exclusively in selling lottery tickets or operating devices solely for entertainment.
  • Be current with all state taxes.
  • Pass a background check (criminal and credit).
• Complete the Retailer Application
  • You can download the application package from the NCEL website here. The application will require detailed information about your business, ownership, and financial status.
• Obtain a North Carolina Lottery Bond
  • Provide a surety bond to protect the state and lottery players. The bond amount will be determined by the NCEL based on your business profile.
• Open a Dedicated Bank Account
  • Open a bank account specifically for lottery proceeds. This account should be titled “In Trust for the North Carolina Education Lottery.”
• Submit Your Application
  • Once you’ve completed the application, gathered all required documents (including the surety bond, tax information, and background check results), you can submit your application to the NCEL.
• Wait for Approval
  • The NCEL will review your application and conduct a thorough evaluation. If approved, you’ll receive a retailer license and contract.

Important Note: The information provided above is for general informational purposes only and does not constitute legal advice.  Do not rely solely on the information presented here. The specific requirements and procedures may change over time. It’s essential to visit the official NCEL website for the most up-to-date information and instructions.