How to Get a Lottery Agent License in Maine

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How to Get a Lottery Agent License in Maine

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with a Maine Lottery Retailer Bond.

How Do I Get a Lottery Retailer Agents License?

In Maine, the Bureau of Alcoholic Beverages & Lottery Operations issues lottery retailer licenses.

What Does the Licensing Process Involve?

The Maine State Lottery license application is a fillable PDF form that is completed online, then printed out, signed, and mailed to the Bureau of Alcoholic Beverages & Lottery Operations, Lottery Licensing, along with:

  • Photo ID
  • Authorizations for credit and criminal background checks
  • ACH Agreement
  • Voided check or deposit slip
  • W9 form
  • Payment of $50 application fee

The Maine Lottery Commission has the option of requiring a surety bond from any retailer as a condition for receiving or retaining a lottery license.

Why Is a Lottery Bond Required?

A Maine lottery retailer bond is required when the Commission (the “obligee”) determines it is “necessary to protect the State and the State Lottery from any monetary loss because of an agent’s activities in the sale of tickets.” When a surety bond is required, the obligee will establish the required bond amount based on the specific circumstances. 

Purchasing a lottery bond legally obligates a lottery retailer (the bond’s “principal”) to comply with all Lottery rules and regulations as well as the statutes governing the Maine Lottery. It also obligates the principal to pay all valid claims for damages caused by an act of noncompliance, such as failing to remit lottery sales proceeds to the State.

How Does a Lottery Bond Work?

The third party to a lottery bond is the company guaranteeing the payment of claims against the bond (the “surety”).  

The principal is legally obligated to pay all valid claims against a Maine lottery bond. But as the bond’s guarantor, the normal practice is for the surety to pay a claim initially and then be reimbursed by the principal. The surety has the right to sue the principal if not reimbursed on schedule.

What Does a Lottery Bond Cost? 

Maine lottery bonds are subject to underwriting to set the premium rate. The main underwriting concern is the risk of the surety not receiving reimbursement for claims paid on the principal’s behalf. The risk measure used is the principal’s personal credit score, because it’s reasonable to assume that someone who has paid debts responsibly in the past will continue to do so.

Lottery bonds typically cost in the 1-2% range for applicants with good credit. Applicants with lower credit scores may pay a higher premium rate.

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Our surety bond professionals will get you the lottery retailer bond in Maine that you need at a competitive rate.