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Home > FAQ's > Why is a Game of Chance surety bond needed?

Why is a Game of Chance surety bond needed?

December 3, 2015 by Scott Ellis

FL and NY require any entity offering a game promotion/sweepstake with prizes valued greater than $5,000 to register the game along with a surety bond in the amount of the total value of all prizes offered in the game promotion/sweepstake. RI only requires game promotion/sweepstake with prizes valued greater than $500 to be registered, no surety bond is needed. AZ requirement only applies when the game mandates the consumer to either have a particular skill or purchase an item in order to participate.