This bond is required for businesses that operate video lottery machines in South Dakota. If you run establishments with video lottery terminals (like bars, restaurants, or other venues with these gaming machines), you need this bond to legally operate. It protects the state and ensures you follow all gaming laws and …
Overview
What it is.
This bond is required for businesses that operate video lottery machines in South Dakota. If you run establishments with video lottery terminals (like bars, restaurants, or other venues with these gaming machines), you need this bond to legally operate. It protects the state and ensures you follow all gaming laws and …
Who usually needs it
Video lottery operators in South Dakota who purchase and place video lottery machines or associated equipment for public use in establishments (typically those with on-sale alcoholic beverage licenses) must obtain this bond as part of their Video Lottery Operator License application with the South Dakota Lottery Commission.
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.
StateSDBond amountVaries by license type or projectObligeeState of South DakotaBond classLicense BondCategoryEntertainment & RecreationBondSouth Dakota Video Lottery Operator BondJurisdictionStatePlain descriptionThis bond is required for businesses that operate video lottery machines in South Dakota. If you run establishments with video lottery terminals (like bars, restaurants, or other venues with these gaming machines), you …Who needs this bondVideo lottery operators in South Dakota who purchase and place video lottery machines or associated equipment for public use in establishments (typically those with on-sale alcoholic beverage licenses) must obtain this …
