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Any individual or business entity that wishes to sell Pennsylvania Lottery tickets must purchase a Pennsylvania Lottery Agent Bond. This bond is a type of surety bond required by the Pennsylvania Lottery Bureau. It is a financial guarantee that the agent will comply with all applicable lottery laws and regulations and will faithfully remit all lottery ticket sales proceeds to the Pennsylvania Lottery. The bond requirement applies to all lottery agents, regardless of their location, business type, or financial standing. This is because the Pennsylvania Lottery wants to ensure that all lottery agents are financially responsible and will not misappropriate lottery funds.
The amount of the Pennsylvania Lottery Agent Bond is determined by the Pennsylvania Lottery Bureau based on the applicant’s financial condition and the volume of lottery tickets they anticipate selling. However, the bond amount must be at least $1,000.
How to get a Pennsylvania Lottery Agent Bond
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day. 2
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Pennsylvania Lottery Agent 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.
2- Subject to underwriter approval, based on aggregate surety bond exposure, additional underwriting information may be required
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.
The cost of the bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150 to$250. Surety1 will shop its many markets to procure the right price at the right terms.
How to be a Lottery Ticket Seller in Pennsylvania
Becoming a lottery ticket seller in Pennsylvania involves several steps, including meeting eligibility requirements, applying for a license, obtaining a bond, and completing training. Here’s a detailed overview of the process:
1. Understand the Eligibility Requirements:
To be eligible to sell lottery tickets in Pennsylvania, you must meet the following criteria:
- Be a legal resident of Pennsylvania, at least 18 years of age
- Have a valid Social Security number
- Have a clean criminal record
- Pass a background check
- Be financially responsible and able to obtain a surety bond
2. Apply for a Pennsylvania Lottery Agent License:
The application process for a Pennsylvania Lottery Agent License involves the following steps:
- Complete an online application form through the Pennsylvania Lottery website
- Provide personal and business information
- Submit a non-refundable application fee
- Agree to comply with all applicable lottery laws and regulations
3. Obtain a Pennsylvania Lottery Agent Bond:
A Pennsylvania Lottery Agent Bond is a financial guarantee that protects the lottery from losses due to an agent’s misconduct or failure to remit lottery ticket sales proceeds. To obtain a bond:
- Contact Surety1.com
- Complete the secure, online application
- Pay the required bond premium
4. Complete Lottery Agent Training:
All new lottery agents must complete mandatory training on lottery rules, procedures, responsible gambling practices, and security measures. The training is typically provided by the Pennsylvania Lottery or an authorized training provider.
5. Set Up Your Retail Location:
Ensure your retail location meets the Pennsylvania Lottery’s requirements for accessibility, security, and compliance with signage and display regulations.
6. Install Lottery Terminal and Equipment:
The Pennsylvania Lottery will provide you with the necessary equipment, including a lottery terminal, to process ticket sales and payouts.
7. Start Selling Lottery Tickets:
Once you have completed all the requirements and received your license and equipment, you can begin selling lottery tickets to your customers.
8. Comply with Ongoing Requirements:
As a lottery agent, you have ongoing responsibilities, including:
- Remitting lottery ticket sales proceeds to the Pennsylvania Lottery
- Maintaining accurate records of transactions
- Complying with all lottery rules and regulations
- Completing annual training updates
By following these steps and maintaining ongoing compliance, you can successfully operate as a lottery ticket seller in Pennsylvania.
How to Get Your Pennsylvania Lottery Agent Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.