1. Start Your Application
2. Receive Your Free Quote
3. Buy Your Surety Bond
How Much Does an Oregon Lottery Bond Cost?
The cost of an Oregon lottery bond may be $100 or higher. The bond cost is based on the bond amount required by the Oregon State Lottery Commission. By purchasing your bond through an authorized surety company, you can pay a bond premium instead of the full bond amount.
As a respected surety company authorized to sell bonds in Oregon, we are your source for a lottery bond. Our company has served Oregon customers for over a decade with our hassle-free process.
Bond rates are from 1% to 10%. Your bond rate is determined by your financial strength, professional credentials and credit scores. Over 99% of our applicants qualify for the surety bond they need.
We work with applicants with all credit scores. If you apply for an Oregon lottery bond with a score of 700 or better, you will qualify for a rate between 1% and 3%. In this case, if the Oregon State Lottery Commission requires a $15,000 bond, your cost is between $150 and $450.
Surety Bond Cost Based on Credit Score |
||||
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
Oregon Lottery Bond (example) |
$15,000 |
$150 - $450 |
$450 - $750 |
$750 - $1,500 |
How to Get an Oregon Lottery Bond
1. Apply For Your Bond
It only takes a few minutes to apply for an Oregon lottery bond through our online application. Often, our customers receive their bonds quickly after they apply.
Applying for an Oregon lottery bond takes just a few minutes with our online application, and most customers receive their bonds shortly after submitting.
When a new customer, Bryce, applied to sell lottery tickets in his store, the OSLC required him to buy a bond. He quickly met this requirement by using our three-step process. Now, Bryce’s store is generating additional income through the sale of lottery products.
2. Review Your Bond Quote
We review all bond applications immediately and provide bond quotes within a few minutes. For more complex applications, additional review is required. Bond quotes are available for these applications within 48 hours.
3. Purchase Your Bond
To finalize your purchase, pay the bond premium using our convenient online payment portal. We will process your bond and email it directly to you right away. We can also mail the bond, if requested.
Our bond experts are proud to provide you with a streamlined process, and we are available to assist with your purchase as needed. If you have questions or require assistance with your bond purchase, reach us online or by phone at (877) 514-5146.
Lottery Bond Requirements in Oregon
The Oregon State Lottery Commission requires retailers and vendors to have a lottery bond when it believes that the entity may not meet the state’s requirement for financial responsibility. Through the bond, the principal is legally obligated to pay all valid claims.
The bond amount is set by the OSLC. After applying to be a lottery seller in Ohio, the OSLC will provide you with specific instructions regarding the bond terms and the obligee.
To remain in compliance with the OSLC’s requirements, the bond must be maintained until it is no longer required or you cease selling lottery products. The bond premium is due annually to maintain the bond. Prior to the bond premium’s due date, we will contact you with the current payment instructions.
How to Get Your Lottery Sales Agent License in Oregon
The Oregon State Lottery Commission does not require vendors and retailers to obtain a license to sell lottery tickets. However, you must meet specific requirements. These include:
- Have an active and registered business entity with the Secretary of State
- Have a correctly registered Assumed Business Name with the Secretary of State
- Have a Federal Tax ID number or an Employer ID Number from the IRS
- Have a Business ID Number with the Oregon Department of Revenue
- Submit a Tax Compliance Certification form
- $634 network service department
If you have questions about the rules and regulations for lottery vendors and retailers in Oregon, please contact:
Oregon State Lottery
9760 SW Wilsonville Road
Wilsonville, OR 97070
Phone: (800) 766-6790
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What Our Clients Have To Say?
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!