A Game Promotion Surety Bond is a bond which regulates the promotion of games and contests and is required in New York and Florida . The Game Promotion Surety Bond ensures that an individual or business promoting a game or contest will pay the winner(s) of said contest.
What is the current market for a Game Promotion Surety Bond?
Game Promotion Surety Bonds are widely written by multiple surety bond markets. The bond amount for the Game Promotion Surety Bond is determined by the total combined payout of all available winnings. However, these amounts may vary depending on each state's rules and regulations. Terms of approval and premium are largely determined by the financial condition of the game promoter's corporate and/or personal net worth, experience, and the needed bond amount.