What Is A Lottery Bond?
Synonyms: lotto bonds
A lottery bond is a form of insurance that protects states from illegal or unethical actions by the lottery seller. By ensuring adherence to laws and regulations, the bond also protects those who play the lottery from mishandling of their funds. A lottery bond must be purchased before a lottery business can begin operating.
Before lottery sellers purchase a bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes.
Ox Bonding is prepared to help lottery sellers purchase lottery bonds with a free quote, knowledgeable staff, and friendly customer service. Get started now!