Copyright: rz2436 / 123RF Stock Photo

Online gaming insurance platform RISQ has paid out to a £25m jackpot winner via the sweepstake and contests platform, Happy Pay.

The winner had entered the free-to-play prize draw via one of Happy Pay’s promotional  jackpot products, available across a range of websites.

Since partnering with RISQ more than a year ago, Happy Pay’s clients have reported a significant increase in daily entrants due to the larger jackpot sizes, which RISQ has helped to increase by more than 150 per cent.

As a driver of traffic, player-engagement and sales across all platforms and devices, RISQ’s insurance-backed solution enables the creation of non-networked prizes across a wide range of game types and channels.

Tom Mitchell, B2B director at RISQ, said the record £25m jackpot pay-out provided ready proof of RISQ’s unique ability to pay promptly on even the biggest industry jackpots, thanks to their contracts with A-rated re-insurers.

“As volumes increase on our insurance platform – iGiP – jackpot pay-outs will become more and more frequent,” said Mitchell.

“Ultimately, in the event of any jackpot win, our clients rely on our ability to pay out quickly and with no hidden complications.

“I certainly feel that we have proven this capacity with Happy Pay. As we grow and develop, our goal is for the platform to give clients access to any winnings within 24 hours. By continuing to improve our technology, processes and reinsurance contracts, I believe that this is a realistic target,” he said.