BECOME A RETAILER
Thank you for your interest in becoming an Arkansas Scholarship Lottery (ASL) retailer. The Arkansas Scholarship Lottery has contributed more than $1.1 billion toward college scholarships since the first ticket was sold in 2009 and we couldn’t do it without our retailers. To apply, contact ASL Sales at 501-683-1884 or Retailer Licensing at 501-978-3950 for an application and instructions.
Arkansas Scholarship Lottery Retailer applicants will have to complete an ASL Retailer Application, ASL Landlord Approval Form, ASL Record Check Form, ASL Fingerprint Verification Form, Electronic Funds Transfer (EFT) Form and an Additional Location Application Form if applicable.
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- Lottery Retailers are required by Arkansas law to post an appropriate bond as determined by the Lottery. The ASL’s Self-Bond program requires all Lottery Retailers to pay a $50 fee annually for each Retailer location.
- Based upon a Retailer’s or Responsible Party’s prior payment history with the ASL, the ASL Director may not permit a Retailer or Responsible Party to participate in the ASL Self-Bond program and may require that Retailer or Responsible Party to obtain a surety bond through an insurance company or deposit and maintain with the ASL securities that are interest bearing or accruing.
- The self-bond fee or other deposited security and required ASL fidelity fund fee shall constitute security for all obligations of the Retailer to the ASL. The obligations of a Retailer shall include, without limitation, the Retailer’s obligation to remit sales proceeds and unsold lottery tickets to the ASL as outlined in the Retailer Contract.
- For Retailers who participate in the Self-Bond program:
- A $50 bond fee is required for each Retailer location. A Retailer shall submit the bond fee to ASL Licensing via check. The bond fee may be increased or decreased by ASL from time to time as determined by the Director of ASL. Bonds must be renewed annually for each retailer location.
- Upon default by any Retailer, ASL will pay such defaulted obligations from the Office of the Arkansas Lottery Self-Bond Account. Upon such payment, the Retailer shall be obligated to reimburse ASL for the full amount of such defaulted obligation and ASL shall deposit the reimbursement into the ASL Self-Bond Account. ASL reserves the right to institute any and all legal actions authorized by law to collect a defaulted obligation. Retailer’s failure to abide by its financial obligations to the ASL as outlined in the Arkansas Scholarship Lottery Retailer Contract shall constitute a default.
- A Retailer’s authority to sell Lottery Tickets may be suspended for any period in which the Retailer does not maintain the bond(s) required under this section or pay a defaulted obligation. A Retailer’s authority to sell Lottery Tickets may be reinstated upon payment of the outstanding bond(s) or defaulted obligation. Failure to maintain adequate bond(s) shall be grounds for suspension or termination of a Retailer contract and license.
- At the end of each fiscal year, the ASL Director may authorize inclusion of all or a portion of the unused amounts remaining in the ASL Self-Bond Account in the revenues of the ASL for the fiscal year.
- For Retailers or Responsible Parties who are informed by the ASL that they are not permitted to participate in the ASL Self-Bond program and choose to obtain a surety bond in the amount specified by ASL:
- The surety bond must be purchased from an insurance company licensed to do business in the state of Arkansas; and
- The surety bond must list ASL as Obligee.
- For Retailers or Responsible Parties who are informed by the ASL that they are not permitted to participate in the ASL Self-Bond program and choose to deposit a security in the amount specified by the ASL:
- Retailer must contact the ASL and request approval from the Director in order to deposit and maintain an interest-bearing security. The security shall be held in trust in the name of the ASL; and
- The security must be interest bearing or accruing;
- Securities eligible are limited to:
- Certificates of deposit in an amount fully insured by the Federal Deposit Insurance Corporation issued by solvent banks or savings associations organized and existing under the laws of this state or under the laws of the United States;
- United States Government bonds, notes, and bills for which the full faith and credit of the United States Government is pledged for the payment of principal and interest; or
- Federal agency securities by an agency or instrumentality of the United States Government.