If you are a lottery retailer in the State of Virginia, the Virgina State Lottery Department requires that you execute a Virginia Lottery Bond to ensure compliance with Section 58.1-4009 of the Code of Virginia.
Bonds Express offers a Virginia Lottery Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Virginia Lottery Bond holds you accountable for your business decisions.
By possessing a Virginia Lottery Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.