How to Become a Boxing Promoter

Boxing promoters are responsible for organizing and marketing a boxing match. Becoming a boxing promoter is a complicated and often expensive journey that involves compliance with strict state laws. Promoters are responsible for every aspect of an event from acquiring the promoter's license and the event permit to making certain that all of the participants including the contestants and their managers have the appropriate licenses and are current on their annual fees.

Steps

1. 1
   Apply for a promoter's license. You will need to do this through your local state boxing commissions office. Most, but not all, states in the union have a boxing commission that regulates the sport.
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2. 2
   Complete the application which includes providing information about your business affairs, experience in the area of boxing, and any personal associations with members of the boxing commission board, contestants, judges or other officials who may be involved in an actual boxing match.

   • While state boxing promoter license applications vary, many require that the promoter provide information about their business entity and complete names and contact information for the business itself and its board members or partners.
   • Promoters may be asked about their business' financial history including recent bankruptcy filings and financial interest in any boxing contestants.
   • A promoter's license application may also request information about the promoter's involvement in any investigations regarding event promotions or if the promoter has a history of any criminal convictions.
3. 3
   Include the fee for the license with your application. Fees vary from state to state. State boxing commissions also require a surety bond from all boxing promoters. A surety bond guarantees that a state will receive certain payments (taxes) from the promoter following the event. The amount of the surety bond also varies. Some states require $10,000, others require more.
4. 4
   Follow state requirements after the license is approved which includes assigning a matchmaker, providing medical history on boxers who have participated in a certain number of bouts and who are in a particular age range.

   • Some states may also require that the promoter pay the fees and travel accommodations for state appointed judges, referees and inspectors.
   • Promoters are also responsible for making sure medical care providers, including a licensed physician, ambulance and EMT staff, are present during the bout. Boxing promoters are responsible for providing medical and accidental death insurance of a specified amount for both contestants.
5. 5
   Provide the state boxing commission with records of ticket sales and profits following the event so that they can calculate the amount of tax you will need to pay for the event.