If you plan to operate a Game of Chance in New York State, you will be required to obtain a New York State Games of Chance Surety Bond.
Novus Bonds offers New York Games of Chance Surety Bonds with a 99% approval rate. You will be required to provide both business and personal financial statements, in addition to a signed application in order obtain a New York Games of Chance Surety Bond. For large bond amounts. there will be other prerequisites that will need to be considered for bond approval.
Typically, the New York State Games of Chance Surety Bond will be based upon the value of the prize being offered.
For further information about the New York State laws regarding Games of Chance, we recommand that you refer to the New York State Code Part 132: Use of Games of Chance in Selling Commodities.
A Games of Chance Surety Bond ensures that those who purchase tickets for and win games of chance in the State of New York will be compensated for their entire winnings when the seller of the winning ticket cannot or will not pay. The amount of the surety bond must equal the total amount of the prizes offered.
By possessing a New York Games of Chance Surety Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.
Get Your Bond Price Within 1 Hour!
Most License and Permit Bonds have 1 hour responses during business hours:
1. This application is all that’s needed to get you a price within 1 hour.
2. Occasionally, more information is needed. If so, you’ll be contacted within 24 hours.
3. If you have credit issues, approvals might need additional time.
4. We never require an application fee. All quotes are always 100% free.
Your lowest bond price is calculated from the information you provide on the application. Keep your cost low by filling out this application completely.
Bond approvals, like loans, are based upon several factors: personal credit and financial strength of the owner(s), liens or judgments, bankruptcies, length of time in business, bond amount and type of bond. The more information you provide the better chance you have of getting the lowest available price and a faster approval.
Complete our fast and easy online application by clicking the link below. Most will receive a free quote within 1 hour.