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How to Get a Lottery Retailer License in Massachusetts

At Surety Bonds Agent, we offer a full range of surety bonds nationwide through an extended carrier network. Continue below to learn more about lottery retailer licensing in Massachusetts. If you have additional questions or want to explore bonding solutions for your business, speak with one of our knowledgeable surety bond experts.

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Who Licenses Lottery Retailers?

Retailers who want to sell lottery tickets, in addition to their usual products, must obtain a lottery retailer license from the Massachusetts State Lottery Commission (MSLC).

img Why Is a Surety Bond Required?

The surety bond provides financial protection for MSLC (the “obligee” requiring the bond) and the public. It does this in two ways:

  • Preventively, by obligating the lottery retailer (the bond’s “principal”) to comply with all applicable regulations and the terms of the Lottery Sales Agent Agreement), and
  • By obligating the principal to compensate the obligee or other injured party for monetary losses caused by the principal’s noncompliance.

Misappropriation of the proceeds from lottery ticket sales and commingling lottery funds with other funds received in the normal course of the principal’s retail business are both among the more common violations.

img How Do They Work?

There is a third party to the surety bond agreement for a Massachusetts lottery bond—the bond’s surety—the party guaranteeing the payment of claims by the principal. This guarantee actually is an agreement to lend the principal the funds needed to pay a valid claim against the bond.

The usual practice, unless the principal can pay a claim immediately without borrowing from the surety, is for the surety to pay the claim initially on behalf of the principal and then be repaid for that debt. A principal who fails to repay the surety may be subject to legal action by the surety to recover the funds.

What Are the Steps in the Licensing Process?

The first step toward obtaining a lottery retailer license is to create an application account in the Massachusetts State Lottery Licensing portal. Then simply follow the instructions provided for completing and submitting the online application. Your submission of the completed application authorizes MSLC to initiate a criminal records check, obtain your credit history, and make sure you don’t owe overdue taxes or have any unsatisfied court judgments against you.

If you don’t meet the applicable financial responsibility standards, MSLC may require you to furnish a surety bond in an amount that will be determined by MSLC’s Director.

 

 

costs

What Do They Cost?

The annual premium cost of a Massachusetts lottery bond is a small percentage of the required bond amount. That percentage is the premium rate, which is set by the surety based on an underwriting assessment of the principal’s bond application.  That assessment focuses on the risk of the principal incurring claims and not repaying the surety for paying claims on the principal’s behalf.

The most significant factor is the principal’s personal credit score, which is a reflection of how responsibly the principal has handled credit in the past. A high credit score indicates a low level of risk to the surety, which deserves a low premium rate. A low credit score, on the other hand, suggests a higher risk level and warrants a higher premium rate.

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step by step guide

How Do Massachusetts Lottery Bonds Work?

  • Choose Your Bond Type

    Select the bond you need — commercial, contract, or any specialized bond. We help you find exactly what is required in your state.

  • Submit a Quick Application

    Complete a short online form. It only takes a few minutes, with no extra paperwork or long verification steps.

  • Get Approved & Receive Your Bond

    Get fast approval and receive your bond instantly by email. Your document is ready to use right away.

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Why Work With Us?

Easy Application Process

Simply fill out our convenient online application form to get started.

Extensive Carrier Network

We work with a wide range of carriers to provide many options to our clients.

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As an independent agency, we can leverage our carrier network to find the most competitive rates for the bonds you need.

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We work to get you bonded as quickly as possible, often in 24 hours or less.

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Our experienced surety bond agents provide personalized assistance to help you understand your bonding requirements and options.

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Super easy process. I found the bond I needed in minutes and received the approved document the same day. Great experience overall.

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The application was fast, the support team was responsive, and the pricing was clear. Very smooth and professional. Everything was explained clearly, and I appreciated how quickly I received my bond.

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The application was fast, the support team was responsive, and the pricing was clear. Very smooth and professional. Everything was explained clearly, and I appreciated how quickly I received my bond.

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Oberman & Oberman

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