Let SCA Insurance Specialists Take Care of Bonding Your Contests or Promotions In New York or Florida

Why do you need a game of chance bond?

A “Game of Chance Bond” is required by state law in New York and Florida for Game of Chance promotions with a prize pool greater than $5,000. This means that a Surety company guarantees to the State that the Principal (the entity sponsoring the promotion) will fulfill the prize obligations offered in the contest.

The deadline for filing the registration, rules and surety bond in New York is thirty (30) days prior to the beginning of the promotion. The deadline for filing the registration and surety bond in Florida is seven (7) days prior to the beginning of the promotion.

Skill based contests and trade promotions generally do not need to be bonded.

Why use SCAIS?

• Our pricing is extremely competitive
• All paperwork is handled expeditiously

What do you need to do?

• Fill out the Game of Chance Surety Bond Application
• Provide a copy of the promotion’s official rules
• Provide a financial statement
• Sign the indemnity agreement

SCAIS will issue the bonds once the required Bond application documents are received. The bonds will be sent to the Principal to execute and notarize. The Principal will forward the bonds to the appropriate state along with the registration form and registration fee for each state.