How to Become a Lottery Retailer
Owners of businesses such as convenience stores, drug stores and bowling alleys can add to their incomes by becoming lottery retailers. By doing this, they can earn sales commissions and bonuses. Those who want to become lottery retailers go through an application process. When an applicant is approved, a state lottery authority representative installs the ticket-dispensing terminal in the new location and helps the retailer get started. Stores with lottery machines typically enjoy increased foot traffic and higher revenues.
Complete your state’s official lottery application form by providing information such as your business address; liquor license information, if applicable; the name of a contact person; the names of business owners; personal information; taxpayer identification number; and the legal name of the business. The form is probably available online. Downloading it from your state’s lottery website will ensure that you are using an up-to-date version of the application form.
Submit the application and fee. The fee in Florida, for example, is $100.
Meet with a state lottery representative at your business location. The purpose is to ensure that your location complies with the requirements of the Americans With Disabilities Act (ADA).
After the state lottery authority approves your application, a state representative will come to your business location to install the ticket-dispensing terminal and be sure that it is online and functioning properly. The representative will also deliver supplies and training material covering the correct operation of the terminal. The supplies will mostly consist of paper stock for printing tickets and lottery material for customers. At this point, you are free to commence business as a lottery retailer.How to Become a Lottery Retailer. Owners of businesses such as convenience stores, drug stores and bowling alleys can add to their incomes by becoming lottery retailers. By doing this, they can earn sales commissions and bonuses. Those who want to become lottery retailers go through an application process. When an …
Georgia Lottery Retailer Contract Surety Bond
Surety Bond and Application Requirements:
Retailers will need to apply as a lottery retailer and obtain an application contract packet from either a Georgia Lottery Corporation District Sales Office or call the Georgia Lottery Headquarters in Atlanta. Retailers can complete the online retail contact form to initiate the process.
The application/contract will need to be completed and payment of the application fee for each retail location where lottery products will be sold. Each owner, shareholder, member or officer of the business must complete the application and provide a copy of their driver’s license or other valid form of ID.
Applicant must complete the Electronic Funds Transfer Authorization. This form enables the Lottery to sweep the designated account for funds made from lottery products sold. The account must be set up with a bank and the account must include the Lottery Corporation as one of the account holders. The account title will need to read “In Trust for the Georgia Lottery Commission”.
Applicants will need to register for E-Verify which authorizes the user to use the federal work authorization program.
Applicants are required to obtain a surety bond. The surety bond amount is determined by the Lottery prior to the applicant offering lottery ticket sales. A lottery retailer surety bond protects both the state and lottery winners from any potential mishandling of lottery winnings, including the processes and machinery used to dispense lottery tickets on location with the seller.
How Much Will This Bond Cost?
The premium that you pay for a Georgia Lottery Retailer Surety Bond is dependent on credit and the bond amount required. Our rates start at 1% of the bond amount with good credit. Contact us today and let us help you get the bond you need.Georgia Lottery Retailers are required to have a contract with the Lottery Corporation and often must have a surety bond in order to sell lottery products. The surety bond amount is determined by the Lottery prior to the applicant offering lottery ticket sales. Call SuretyGroup.com first to get the bond you need! ]]>