Container lid retaining system

A container lid retaining system includes a housing with a bottom wall and a perimeter wall attached to and extending upwardly from the bottom wall. The perimeter wall has an upper edge defining an opening extending into the housing. A cover is removably positioned on the perimeter wall to selectively close the opening. A flexible tether has a first end and a second end. The tether extends through the perimeter wall adjacent to the upper edge to position the first end within the housing. The tether extends through the cover to position the second end under the cover when the cover is positioned on the housing. A panel is attached to the first end to prevent the first end from is pulled through the perimeter wall. A stop is removably coupled to the tether adjacent to the second end to prevent the second end from being pulled through the cover.