Contract Renewal: According to Oklahoma Statutes, Lottery Retailer Contracts may be renewed annually. Your annual contract expires one year from the month in which you were authorized to start selling lottery tickets. For example, if you started selling in October, 2005, your contract expires at the end of October, 2006, therefore October is your “renewal month”. The “renewal month” for those retailers who started selling in November of 2005 is November 2006; and so-on. The initial application fee of $45 is not being charged to you again.
Bond: For contract renewal, you will be charged $50 per location as a bond. The $50 per location bond will automatically be added to the funds sweep for the 2nd weekly sweep during your renewal month, and will be identified on your weekly invoice, unless you inform us in writing prior to that time that you don’t want to renew your contract.
Change in ownership: Remember that any changes in the ownership, address or nature of your business, which occurs between renewal periods, must be immediately reported to the Lottery Commission. Oklahoma Lottery Retail Contracts are not transferable. If you have already sold the business, or if you are planning to sell the business, please let us know prior to the sale.
If you have any questions, contact the Oklahoma Lottery Commission Retail Contract Unit toll-free
at 1-866-508-9696. Press ‘7’ when prompted and ask for the Retail Contracts Unit. |
