Game Promotion Bonds
A Game Promotion Bond is a type of surety bond required for businesses that conduct promotional games, contests, sweepstakes, or prize giveaways. These bonds protect consumers by guaranteeing that prizes will be awarded according to the advertised rules and applicable laws.
Apply below, call our Commercial Department at 407-786-7770 or email us at [email protected]
Why You Need a Game Promotion Bond
A Game Promotion Bond is required to:
- Protect consumers and prize recipients
- Ensure advertised prizes are awarded
- Comply with state sweepstakes and gaming laws
- Build credibility and consumer trust
- Reduce regulatory and legal risk
Failure to secure a required bond may result in fines, promotion cancellation, or legal penalties.
Game Promotion Bond FAQs
These are some of the most common questions asked about Game Promotion Bonds and how they work.
A Game Promotion Bond ensures that a company running a promotional game or contest fulfills its obligations to participants. If the promoter fails to award prizes or violates the contest rules, eligible claimants may file a claim against the bond.
Game Promotion Bonds are commonly required for high-value sweepstakes, national promotions, and contests governed by state consumer protection laws.
Game Promotion Bond premiums are typically 1%–5% of the total prize value, depending on:
Total prize amount
Length and complexity of the promotion
Financial strength of the promoter
State or regulatory requirements
For example, a $100,000 Game Promotion Bond may cost between $1,000 and $5,000.
Game Promotion Bonds involve three parties:
Principal: The business or promoter running the game
Obligee: The state regulatory agency or governing authority
Surety: The bonding company issuing the bond
If the promoter fails to award prizes as promised, a claim may be filed. The surety pays valid claims, and the principal is responsible for reimbursement.
A Game Promotion Bond is required to:
- Protect consumers and prize recipients
- Ensure advertised prizes are awarded
- Comply with state sweepstakes and gaming laws
- Build credibility and consumer trust
- Reduce regulatory and legal risk
Failure to secure a required bond may result in fines, promotion cancellation, or legal penalties.
Call us at 407-786-7770 or email us at [email protected]
What does a Game Promotion Bond guarantee?
It guarantees that all prizes will be awarded according to the official rules of the promotion.
Are Game Promotion Bonds required in every state?
No. Requirements vary by state and are often based on prize value thresholds.
Is a Game Promotion Bond the same as a lottery bond?
No. Game Promotion Bonds apply to legal contests and sweepstakes, not lotteries or gambling activities.
How long does a Game Promotion Bond last?
The bond typically lasts for the duration of the promotion, plus any required claim period.
Can I get a Game Promotion Bond quickly?
Yes. Many Game Promotion Bonds can be issued within 24–48 hours with proper documentation.