{"id":1125,"date":"2013-05-17T03:33:55","date_gmt":"2013-05-17T03:33:55","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=1125"},"modified":"2017-01-03T16:20:34","modified_gmt":"2017-01-03T16:20:34","slug":"ohio-lottery-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/ohio-lottery-bond\/","title":{"rendered":"Ohio Lottery Bond"},"content":{"rendered":"

Before a lottery agent can be licensed an Ohio lottery bond<\/a>\u00a0<\/strong>must be provided to the agency Director. \u00a0Upon receipt of a license application the Director will consider the financial responsibility of the applicant and his or her business, the applicant’s credit-worthiness and integrity in past financial transactions and the physical security of the applicant’s place of business. \u00a0The Ohio lottery sales retailer bond\u00a0<\/strong>is in part a guarantee that proceeds from game sales will be kept safe. \u00a0 \u00a0Pursuant to the Lottery Commission’s Retailer FAQs, the Lottery issues tickets on consignment, meaning that the lottery agent pays for tickets AFTER they have been sold. Because the lottery allows tickets to be paid in this manner there is a need for the Commission<\/a> to have a way to collect monies due in the event of a lottery retailer non-payment. The Ohio lottery bond<\/strong> protects the state against any monies due to the Lottery in regards to the retail location. \u00a0The initial surety bond must be written in the amount of $15,000, however the Director can increase the bond amount based on the lottery agent’s sales volume and the agent’s payment history. \u00a0The Ohio lottery sales retailer bond<\/a><\/strong> form guarantees that that agent will comply with all laws, rules, policies and regulations governing the license, so although it appears to be a simple compliance obligation the underlying statute contains very specific duties and a significant financial guarantee. \u00a0The surety bond is not cumulative and it is cancelable on thirty days written notice by surety. \u00a0The Ohio lottery bond<\/strong> has a six month “tail”, meaning a party may bring an action against the surety and bond for up to only six months from the date of cancellation.\u00a0Ohio surety leader<\/strong>, \u00a0Surety One, Inc.<\/a>\u00a0is one of the largest surety bond underwriting producers in the nation. \u00a0Our surety programs offer the surety or fidelity bond<\/strong> that\u00a0fits your particular need. \u00a0We can offer you lottery bond\u00a0terms regardless of credit and regardless of location.\u00a0Visit us at\u00a0SuretyOne.com<\/a>, call\u00a0(787) 333-0222<\/span>\u00a0or\u00a0(800) 373-2804<\/span>, or email\u00a0Underwriting@SuretyOne.com<\/span>\u00a0for a\u00a0Ohio lottery bond<\/strong>\u00a0application or for further information about surety bonding.<\/p>\n","protected":false},"excerpt":{"rendered":"

Before a lottery agent can be licensed an Ohio lottery bond\u00a0must be provided to the agency Director. \u00a0Upon receipt of a license application the Director will consider the financial responsibility of the applicant and his or her business, the applicant’s… Continue Reading →<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[139],"tags":[1389,1392,1390,1391],"yoast_head":"\nOhio Lottery Bond • Surety One, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/ohio-lottery-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ohio Lottery Bond • Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"Before a lottery agent can be licensed an Ohio lottery bond\u00a0must be provided to the agency Director. \u00a0Upon receipt of a license application the Director will consider the financial responsibility of the applicant and his or her business, the applicant’s... Continue Reading →\" \/>\n<meta property=\"og:url\" content=\"https:\/\/suretyone.com\/blog\/ohio-lottery-bond\/\" \/>\n<meta property=\"og:site_name\" content=\"Surety One, Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Surety1\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Surety1\" \/>\n<meta property=\"article:published_time\" content=\"2013-05-17T03:33:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-01-03T16:20:34+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:site\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"C. Poindexter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/suretyone.com\/blog\/#website\",\"url\":\"https:\/\/suretyone.com\/blog\/\",\"name\":\"Surety One, Inc.\",\"description\":\"Our Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/suretyone.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/suretyone.com\/blog\/ohio-lottery-bond\/#webpage\",\"url\":\"https:\/\/suretyone.com\/blog\/ohio-lottery-bond\/\",\"name\":\"Ohio Lottery Bond • Surety One, Inc.\",\"isPartOf\":{\"@id\":\"https:\/\/suretyone.com\/blog\/#website\"},\"datePublished\":\"2013-05-17T03:33:55+00:00\",\"dateModified\":\"2017-01-03T16:20:34+00:00\",\"author\":{\"@id\":\"https:\/\/suretyone.com\/blog\/#\/schema\/person\/d34de27c146d5df3d1fb94d9b0c04605\"},\"breadcrumb\":{\"@id\":\"https:\/\/suretyone.com\/blog\/ohio-lottery-bond\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/suretyone.com\/blog\/ohio-lottery-bond\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/suretyone.com\/blog\/ohio-lottery-bond\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/suretyone.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ohio Lottery Bond\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/suretyone.com\/blog\/#\/schema\/person\/d34de27c146d5df3d1fb94d9b0c04605\",\"name\":\"C. Poindexter\",\"sameAs\":[\"https:\/\/www.SuretyOne.com\",\"https:\/\/www.facebook.com\/Surety1\",\"https:\/\/twitter.com\/SuretyOne\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ohio Lottery Bond • Surety One, Inc.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/suretyone.com\/blog\/ohio-lottery-bond\/","og_locale":"en_US","og_type":"article","og_title":"Ohio Lottery Bond • Surety One, Inc.","og_description":"Before a lottery agent can be licensed an Ohio lottery bond\u00a0must be provided to the agency Director. \u00a0Upon receipt of a license application the Director will consider the financial responsibility of the applicant and his or her business, the applicant’s... Continue Reading →","og_url":"https:\/\/suretyone.com\/blog\/ohio-lottery-bond\/","og_site_name":"Surety One, Inc.","article_publisher":"https:\/\/www.facebook.com\/Surety1\/","article_author":"https:\/\/www.facebook.com\/Surety1","article_published_time":"2013-05-17T03:33:55+00:00","article_modified_time":"2017-01-03T16:20:34+00:00","twitter_card":"summary","twitter_creator":"@SuretyOne","twitter_site":"@SuretyOne","twitter_misc":{"Written by":"C. Poindexter","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/suretyone.com\/blog\/#website","url":"https:\/\/suretyone.com\/blog\/","name":"Surety One, Inc.","description":"Our Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/suretyone.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/suretyone.com\/blog\/ohio-lottery-bond\/#webpage","url":"https:\/\/suretyone.com\/blog\/ohio-lottery-bond\/","name":"Ohio Lottery Bond • Surety One, Inc.","isPartOf":{"@id":"https:\/\/suretyone.com\/blog\/#website"},"datePublished":"2013-05-17T03:33:55+00:00","dateModified":"2017-01-03T16:20:34+00:00","author":{"@id":"https:\/\/suretyone.com\/blog\/#\/schema\/person\/d34de27c146d5df3d1fb94d9b0c04605"},"breadcrumb":{"@id":"https:\/\/suretyone.com\/blog\/ohio-lottery-bond\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/suretyone.com\/blog\/ohio-lottery-bond\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/suretyone.com\/blog\/ohio-lottery-bond\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/suretyone.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Ohio Lottery Bond"}]},{"@type":"Person","@id":"https:\/\/suretyone.com\/blog\/#\/schema\/person\/d34de27c146d5df3d1fb94d9b0c04605","name":"C. Poindexter","sameAs":["https:\/\/www.SuretyOne.com","https:\/\/www.facebook.com\/Surety1","https:\/\/twitter.com\/SuretyOne"]}]}},"_links":{"self":[{"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/posts\/1125"}],"collection":[{"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/comments?post=1125"}],"version-history":[{"count":1,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/posts\/1125\/revisions"}],"predecessor-version":[{"id":1930,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/posts\/1125\/revisions\/1930"}],"wp:attachment":[{"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/media?parent=1125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/categories?post=1125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/tags?post=1125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}