Fast Facts on Arizona Dept. of Gaming – Racing Performance Bond
The Arizona Dept of Gaming – Racing Performance Bond is a surety bond required for certain racing promoters and related license holders to help guarantee compliance with Arizona racing laws, financial obligations, and regulatory requirements. This bond protects the state, participants, vendors, and the public if the bonded party fails to meet contractual duties, pay required amounts, or violates applicable rules. Instead of paying the full bond amount upfront, applicants typically pay a small percentage as a premium based on credit history, business strength, and bond amount. Even applicants with challenged credit may still qualify through flexible underwriting options. Obtaining the bond is usually simple: complete a short application, receive a quote, pay the premium, and submit the bond to satisfy licensing requirements. Swiftbonds helps applicants secure fast approvals, competitive pricing, and reliable service so racing operations can move forward without delays.
Gary Swiftbonds, nationally recognized expert in surety bonds, bid bonds, and performance bonds.
Updated April 2026
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What is an Arizona Dept. of Gaming – Racing Performance Bond?
The Arizona Dept of Gaming – Racing Performance Bond ensures that if any financial losses are incurred through poor business decisions or failure to follow state and local laws on the part of the Principal, then they will be refunded by an insurer in this agreement. The statute provides: “Annual bond under A.R.S. § 5-228(E). The approval of a promoter’s license is contingent upon the deposit of the annual bond with the Department. Ariz. Admin. Code § 19-2-B608″
Do you need an Arizona Dept. of Gaming – Racing Performance Bond?
Swiftbonds offers the Arizona Dept of Gaming – Racing Performance Bond to help you meet the statutory requirement until released (“Upon written request of the promoter, the Commission may release the promoter from the annual bond requirement, if the Commission determines that the promoter has satisfied all past obligations and is not planning additional events for that year.” Ariz. Admin. Code § 19-2-B608).
We understand that finding the right bond can be confusing, so our team is here to help you every step of the way. We want to make sure you get the bond that’s right for you – and that you feel confident in your choice.
Why is the Arizona Dept. of Gaming – Racing Performance Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, it will be compensated by the surety company for any damages incurred due to this negligence.
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How does the Arizona Dept. of Gaming – Racing Performance Bond work?
Getting an Arizona Dept of Gaming – Racing Performance Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover you in case your clients or the public make claims against their contract and need payment from your bond. If there are ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied.
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How much does an Arizona Dept. of Gaming – Racing Performance Bond cost?
Arizona Dept. of Gaming – Racing Performance Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required, depending on what surety amount is needed for bonding purposes.
Can I get an Arizona Dept. of Gaming – Racing Performance Bond with bad credit?
Swiftbonds offers a wide range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond, no matter what personal circumstances may be preventing you from getting approved for other companies’ bonds. Have an Arizona Notary Bond of $5,000 without EO.
How to get your Arizona Dept. of Gaming – Racing Performance Bond?
Would you like to know the first step in getting your Arizona Dept of Gaming – Racing Performance Bond? It’s super easy! Fill out our quick online application and get a no-obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying.
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FAQs
What does the Arizona Dept. of Gaming – Racing Performance Bond protect?
It protects the Arizona Department of Gaming and other harmed parties from financial loss if the bonded party fails to meet legal or financial obligations.
Who may need this bond?
Promoters, operators, or entities involved in regulated racing activities may need this bond depending on license type and state requirements.
How is bond pricing determined?
Pricing usually depends on credit score, business finances, experience, and the required bond amount.
Can applicants with bad credit still get approved?
Yes. Many applicants with lower credit scores can still qualify through specialty underwriting programs.
How quickly can the bond be issued?
Many bonds can be quoted quickly and issued promptly once the application and underwriting review are complete.
Secure Racing Compliance With Confidence
The Arizona Dept of Gaming – Racing Performance Bond is an essential step for meeting licensing obligations and operating with confidence in Arizona’s regulated racing industry. Having the right bond in place shows financial responsibility, protects the public interest, and helps avoid costly licensing delays. Whether you are applying for a new license or renewing an existing one, Swiftbonds makes the process simple with fast quotes, competitive rates, and expert guidance. Get started today and secure the bond you need to keep business moving forward.