Tennessee Lottery Retailer License Surety Bond
The Tennessee Education Lottery corporation requires any Lottery Retailer to post an appropriate Lottery Retailer License Surety Bond, as determined by the corporation and directly related to the volume of lottery sales. The bond is in place to provide secuirty to the Lottery Corporation that the Retailer shall make payment of all sums due the Corporation for lottery tickets and proceeds and that they will comply with all statutes, rules, and regulations.
“Lottery retailer” or “retailer” means a person who sells lottery tickets or shares on behalf of the Tennessee Education Lottery Corporation pursuant to an underlying contract.
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