How to Get a Lottery Agent License in New Hampshire

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Learn how to become licensed as a New Hampshire lottery agent, and speak with an Single Source Insurance agent today about purchasing the lottery bond you’ll need.

How Can I Get Licensed As a Lottery Retailer?

To sell lottery tickets in your New Hampshire retail establishment, you’ll need to obtain a lottery retailer license from the New Hampshire Lottery Commission. Learn more about the role of lottery brokers and why lottery bonds are required.

What Are the Steps in the Licensing Process?

You can download the application packet from the New Hampshire Lottery website, print it, and complete and sign it. You’ll need to prepare the required supporting documents and return the entire package, along with payment of the fees, to the address printed on the application.

Your signature on the application if your consent to the background checks that the Lottery Commission will conduct to see whether you have any criminal records, unpaid state taxes, or financial problems that would disqualify you for licensing as a lottery retailer. After reviewing your credit history, the Lottery Commission may notify you that your will need to furnish a lottery surety bond before you will be granted a license to sell lottery products.

Why Is a New Hampshire Lottery Bond Required?

A New Hampshire lottery bond provides financial protection for the New Hampshire Lottery and the public. It does this in two ways:

  1. By requiring the lottery retailer (referred to as the bond’s “principal”) to operate in full compliance with state laws and the rules of the New Hampshire Lottery Commission (the bond’s “obligee”); and
  2. By legally obligating the principal to compensate those who experience a financial loss because of the principal’s noncompliance.

If a lottery bond is required, the obligee will determine the coverage amount and notify you.

How Do New Hampshire Lottery Bonds Work?

If the principal commits an unlawful or unethical act, such as not remitting lottery ticket sales proceeds to the state or misappropriating lottery funds, the obligee or other injured party can file a claim for damages against the principal’s lottery bond.

In addition to the obligee and the principal, there is a third party to a New Hampshire lottery bond, known as the “surety.” This is the bond’s guarantor, specifically guaranteeing the principal’s payment of any valid claim. Because of that guarantee, the surety will pay a claim it finds to be valid, but only initially. The principal must then reimburse the surety for the claim amount. Not repaying that debt can result in the surety taking legal action against the principal to recover the funds.

How Much Does a Lottery Bond Cost?

New Hampshire lottery bonds are sold for an annual premium that is a small percentage of the required bond amount. The exact percentage, the premium rate, is set by the surety based on the underwriters’ assessment of the risk the surety will be taking on in guaranteeing the payment of claims. In making that guarantee, the surety is agreeing to extend credit to the principal, so the primary underwriting consideration is the principal’s creditworthiness, as measured by the individual’s personal credit score.

Request a convenient online quote today, or call and speak with one of our surety bond experts who can answer your questions about New Hampshire lottery bonds.

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