Ohio Lottery Sales Retailer Bond

An Ohio Lottery Sales Retailer Bond is a type of surety bond required by the Ohio Lottery Commission for businesses that wish to sell lottery tickets within the state. It acts as a financial guarantee, ensuring that the retailer complies with all lottery laws, rules, and regulations. For most retailers, the surety bond amount is $15,000. The cost of the bond is usually 1% to 3% of the bond amount. Underwriting and price of the bond are mostly based on the credit of the bond principal.

How to Get an Ohio Lottery Sales Retailer 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 Ohio Lottery Sales Retailer 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 Lottery Retailer

Obtaining an Ohio Lottery Retailer License involves several steps and requirements. Here’s a comprehensive guide to help you through the process:

1. Eligibility:
   • Be at least 18 years old.
   • Have a valid business license for your retail location.
   • Be in good standing with the Ohio Department of Taxation.
   • Not have any disqualifying criminal convictions.
2. Gather Required Documents:
   • Completed Ohio Lottery Retailer Application (https://www.ohiolottery.com/eApplications/Applications)
   • $25 application fee
   • Ohio Lottery Sales Retailer Bond (details below)
   • Business license and tax documentation
   • Background check authorization for all business owners with 10% or more ownership
   • Floor plan of your retail location
3. Submit Your Application:
   1. Create an account or sign in to the Ohio Lottery Retailer eApplication system (https://www.ohiolottery.com/eApplications/Applications).
   2. Complete the application electronically and upload all required documents.
   3. Pay the $25 application fee.
4. Background Check:
   • All business owners with 10% or more ownership will undergo a background check.
   • You will receive an email notification to authorize the background check.
   • Your application cannot be processed until all background checks are complete.

• Bond :You must obtain a $15,000 Surety Bond
• Alternatively, KENO retailers with on-premise alcohol sales can opt for a refundable Liability Deposit program starting at $500, with the amount increasing based on weekly liability.

Additional Information:

• Processing time for applications can vary, but generally takes around 30 days.
• You must renew your license annually and pay a renewal fee.
• The Ohio Lottery Commission provides training and resources for retailers.
• Once all requirements are met and your application is approved, you will receive your Ohio Lottery Retailer License via email.

Helpful Resources:

• Ohio Lottery Retailer Central: https://www.ohiolottery.com/Retail-Locations
• Become a Retailer FAQs: https://www.ohiolottery.com/Retailers/Become-A-Retailer

Remember to:

• Carefully review all requirements and ensure you have all necessary documents before applying.
• Respond promptly to any requests from the Ohio Lottery Commission during the application process.
• Familiarize yourself with retailer rules and regulations to ensure compliance.

By following these steps and utilizing the provided resources, you can successfully obtain your Ohio Lottery Retailer License and start selling lottery tickets within the state.