4 Leaf Lotto has become the newest company to partner with RISQ online gaming insurance programme offering operator partners jackpots of up to £150 m.
RISQ accepted the company, a manufacturer of primary and secondary lottery services, as a potential integrated partner.
The 4 Leaf Lotto CEO Ken Morris explained: “We are delighted to have partnered with RISQ and to be able to offer our operator partners insurance-backed jackpots for primary and secondary lotteries.
“To offer betting on lottery you need massive backing, and with backing comes trust. RISQ as a licensed gaming company and insurance provider themselves offer A-rated insurance that’s approved by regulated markets.
“RISQ is the true market leader in providing insurance solutions to the online gambling industry and we believe this deal will be hugely successful for both parties.”
The iGiP will allow operators to offer insurance-backed instant jackpots up to £25 m and up to £150 m for secondary lotteries using 4 Leaf Lotto’s primary lottery network.
This will allow operators to offer lottery betting on more than 70 regional, state, and provincial drawings as well as keno games, and compete with some of the biggest jackpot drawings.
Julian Borg-Barthet, director of business development at RISQ, commented: “We are pleased to welcome the experience and expertise of the 4 Leaf Lotto team to our roster of integrated partners to provide our customers and theirs with the peace of mind of a solid and experienced risk backing on the iGiP.
“It will allow 4 Leaf Lotto’s operators to offer insured jackpots that match and exceed established lottery operators safe in the knowledge they are full insured – a win for both operator and player.”