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Amount of bond or cash deposit

Lotteries Control Regulations, reg. 18 · Revised Edition 2020

(1) Where a licence is granted under Regulation 17 to promote a lottery, the amount of the cash deposit to be made or the minimum value of the bond to be executed is as follows– (a) $500,000.00 for government lottery; (b) $400,000.00 for national lottery; (c) $ 100,000.00 for instant lottery; (d) $75,000.00 for national game of chance. (2) Where a licensee is permitted to increase the prizes offered by him in a government lottery, national lottery, or instant lottery, the cash deposit to be made or the bond to be Lotteries Control 13 given shall be increased by twice the amount by which the prizes are increased.
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