A Minnesota Gambling Manager Bond is a $10,000 guarantee required for anyone who manages gambling operations in Minnesota. This bond protects the state and the public by ensuring gambling managers follow all laws and regulations. If a manager breaks the rules, cheats customers, or mishandles funds, people can file cla…
Overview
What it is.
A Minnesota Gambling Manager Bond is a $10,000 guarantee required for anyone who manages gambling operations in Minnesota. This bond protects the state and the public by ensuring gambling managers follow all laws and regulations. If a manager breaks the rules, cheats customers, or mishandles funds, people can file cla…
Who usually needs it
Gambling managers appointed to manage gambling activities within organizations licensed to conduct lawful gambling in Minnesota must obtain this bond. The bond is required under Minnesota Statutes 349.167 to ensure ethical conduct, protect finances, and provide accountability as managers become responsible for handling gambling gross receipts of organizatio…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateMNBond amount$10,000ObligeeState of MinnesotaBond classLicense BondCategoryEntertainment & RecreationBondMinnesota Gambling Manager BondJurisdictionStatePlain descriptionA Minnesota Gambling Manager Bond is a $10,000 guarantee required for anyone who manages gambling operations in Minnesota. This bond protects the state and the public by ensuring gambling managers follow all laws and re…Who needs this bondGambling managers appointed to manage gambling activities within organizations licensed to conduct lawful gambling in Minnesota must obtain this bond. The bond is required under Minnesota Statutes 349.167 to ensure ethi…
