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Florida bonds

Florida — Lottery Retailer Bond

If the Florida Lottery has requested a retailer bond, use its security notice to prepare your application. The amount is tied to the retailer’s lottery activity and remittance period. Purchase Now below opens The Southern Agency’s Florida Lottery Retailer Bond option.

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Recorded state
Florida
Category
Business operations & taxes

What this bond does

Florida Statutes § 24.112(9) authorizes the department to require an appropriate retailer bond using an insurance company acceptable to it. The statute sets a sales-based ceiling rather than one fixed bond amount for every store.

Who needs it
A Florida lottery retailer or applicant asked by the department to provide an individual bond. The request belongs to the retailer and authorized location identified in the Lottery’s paperwork.
Who it protects
The security supports the retailer’s lottery-funds obligation to the department. The retailer remains responsible for accounting for tickets and funds and making the required remittances.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Let the Lottery set the security amount

Section 24.112(9)(a) caps the bond at twice the retailer’s average lottery ticket sales for the period in which lottery funds must be remitted. For the first 90 days of a new retailer’s sales, it uses average estimated sales for that remittance period. The paragraph does not apply to tickets prepaid by the retailer.

Those are statutory limits on the department’s calculation, not instructions to pick any amount below the ceiling. Use the amount in your Lottery request and keep its sales or estimated-sales calculation available if requested in the application.

Keep the retailer and location consistent

The statute says a retailer contract does not authorize ticket sales at more than one location and that tickets may be sold only at the location on the certificate of authority. Use the legal retailer name and store information from the Lottery paperwork, especially after an ownership or location change.

Do not name a manager personally in place of the retailer unless that is how the request identifies the principal. If you operate several stores, keep each location’s notice and reference number separate rather than assuming one purchase satisfies them all.

Purchase the requested bond and complete the retailer submission

The law also allows department-purchased blanket bonds or permitted securities in place of an individual bond. That does not mean every retailer can choose any substitute; follow the security arrangement specified for your account.

For an individual bond request, select Purchase Now, review the amount and quoted premium, and complete the application. Deliver the issued bond according to the Lottery’s notice and keep proof of submission. Bond purchase alone does not grant retail authority or settle lottery funds owed.

Sources

Have these ready

  1. The Florida Lottery’s bond or security notice, including its required amount.
  2. The retailer’s legal name, store address, retailer number and certificate or application reference.
  3. The remittance period and sales or estimated-sales information requested for the application.
  4. Required bond wording, effective date and instructions for delivering the completed document.

Questions about this bond

Does every Florida lottery retailer buy an individual bond?

The statute gives the department authority to require security and provides alternatives, including blanket bonds. Use the requirement assigned to your retailer rather than assuming an individual bond is universal.

Is there one required dollar amount for every store?

No. Section 24.112 uses a sales-based ceiling tied to the remittance period, with estimated sales for a new retailer’s first 90 days. Purchase for the final amount the department requests.

Does this replace my Lottery retailer contract?

No. The contract, certificate of authority, accounting duties and remittances remain separate from the security bond.

What will the bond cost?

The provider quotes the premium for the application. The security amount in the Lottery notice is not the purchase price, and neither figure should be confused with ticket funds owed.

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