Pennsylvania Wrestling Promoter Bond

The Pennsylvania Wrestling Promoter Bond is required by the Commonwealth of Pennsylvania, State Athletic Commission. It is a type of surety bond that is required by professional wrestling promoters in Pennsylvania. The bond is required to protect the public from fraud and other unethical practices by wrestling promoters. The bond amount is $10,000 per event. 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 Get a Pennsylvania Wrestling Promoter 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 Pennsylvania Wrestling Promoter 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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Who needs to have the surety Bond?

Individuals who have applied to the State Athletic Commission to be a Registered Professional Wrestling Promoter needs the bond. The Wrestling Promoter Bond is one of the registration requirements.

What are the registration requirements to become a Pennsylvania Wrestling Promoter ?

To become a Pennsylvania Wrestling Promoter, you must follow these steps:

1. Obtain a Wrestling Promoter License

   • Submit an application form to the Pennsylvania State Athletic Commission.
   • Pay a license fee of $100.
   • Provide a Pennsylvania Wrestling Promoter Bond of $10,000.
   • Submit a criminal record check.

2. Complete a Pro Wrestling Event Form

   • Submit a Pro Wrestling Event Form to the Pennsylvania State Athletic Commission at least 10 days before the scheduled event.
   • The form must include information about the event, such as the date, time, location, and participants.
   • The form must also include a list of all security personnel who will be working the event.

3. File a 5% Gross Receipts Tax Form

   • Within 10 days after your event, each promoter is required to complete and return a 5% Gross Receipts Tax Form along with a CHECK or MONEY ORDER made payable to the Commonwealth of PA. This 5% tax is on tickets sold at your event.
   • The form must include information about the event, such as the date, time, location, and ticket sales.
   • The form must also include a check or money order for 5% of the gross receipts from the event.

4. Provide a Physician

   • • A physician must be at ringside and stay at ringside throughout the exhibition.
   • The physician fee is paid by the promoter.
   • The physician must be a licensed physician in the state of Pennsylvania.
   • The physician must be certified in emergency medicine or a related field.

5. Comply with all applicable laws and regulations

   • Wrestling promoters must comply with all applicable laws and regulations, including those related to safety, security, and taxation.
   • Wrestling promoters must also comply with the rules and regulations of the Pennsylvania State Athletic Commission.

6. Conduct events in a safe and orderly manner

   • Wrestling promoters must conduct events in a safe and orderly manner.
   • This includes providing adequate security, ensuring that all participants are qualified and trained, and following all applicable safety regulations.

7. Pay all taxes and fees due to the state

   • Wrestling promoters must pay all taxes and fees due to the state, including the 5% gross receipts tax.
   • Wrestling promoters must also pay any applicable fees to the Pennsylvania State Athletic Commission.

8. Not engage in any fraudulent or deceptive practices

   • Wrestling promoters must not engage in any fraudulent or deceptive practices.
   • This includes misrepresenting the event, selling tickets without a license, or engaging in any other illegal activity.