A South Carolina Bingo Revenue Bond is required for organizations that operate bingo games in South Carolina. This bond protects the state by guaranteeing that bingo operators will properly collect and pay all taxes and revenues owed from their bingo activities. If an operator fails to pay what they owe or breaks bing…
Overview
What it is.
A South Carolina Bingo Revenue Bond is required for organizations that operate bingo games in South Carolina. This bond protects the state by guaranteeing that bingo operators will properly collect and pay all taxes and revenues owed from their bingo activities. If an operator fails to pay what they owe or breaks bing…
Who usually needs it
Manufacturers, distributors, and promoters of bingo cards or bingo games, as well as licensed non-profit organizations operating bingo games under various license classes (Class AA, B, C, E, F) in South Carolina. This bond is required to obtain and maintain a bingo license from the South Carolina Department of Revenue and ensures compliance with state laws …
Pricing & timing
What to expect.
Generic pricing
Tax bonds guarantee payment of taxes or compliance with tax regulations. Typical Pricing:. • Standard tax 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. • Credit check: Required for most tax bonds. Common types include sales tax bonds, fuel tax bonds, and cigarette/tobacco tax bonds. Quick approval is typical for applicants with good credit. Some tax bonds…
Typical timeframe
Credit-based approval — typically 1–2 business days
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.
StateSCBond amountVaries by license type or projectObligeeState of South CarolinaBond classTax BondCategoryEntertainment & RecreationBondSouth Carolina Bingo Revenue BondJurisdictionStatePlain descriptionA South Carolina Bingo Revenue Bond is required for organizations that operate bingo games in South Carolina. This bond protects the state by guaranteeing that bingo operators will properly collect and pay all taxes and…Who needs this bondManufacturers, distributors, and promoters of bingo cards or bingo games, as well as licensed non-profit organizations operating bingo games under various license classes (Class AA, B, C, E, F) in South Carolina. This b…
