MORE MONEY TO INVEST IN YOUR CLUB'S DEVELOPMENT, INFRASTRUCTURE
AND RUNNING COSTS.
- Ever increasing club running costs and fees
- Coaching and games development
- Development of club infrastructure (floodlighting, walking tracks, club gyms etc.)
- Maintenance and improvement of pitches & club facilities
Club Lotto Jackpot Prize Cover is simple.
You pay a small fixed cost per lotto line so that you are covered if and when someone wins your Lotto Jackpot. You know that you don't have to pay out, we do.
That enables you and your club to offer a big jackpot every week and throughout the year, increasing your revenue and raising more money for your club.
Most clubs operate on a tight budget.
- Euro that is available to your club today, is money that be used for club development.
Prize cover frees up current jackpot funds to be diverted elsewhere.
Prize cover is cost-efficient and smart.
It allows your club to offer a BIG jackpot that drives participation and revenue and it allows you to do it NOW, not wait for many months to build it.
- Prize cover provides you with revenue predictability and forecastability, whilst also removing financial risk.
Instead of setting aside and sitting on large pots of money to fund a potential payout, prize cover allows you to pay a fixed cover cost per line.
This frees up funds for other important club activities, investment and development.
For example, paying an average of €200 per week in to a jackpot is €10,400 per year of club money that's not at work for your club elsewhere.
On top of that, add on an average jackpot amount of say €10,000, and then also add on a reserve pot of €2,000....and that’s a lot of money that’s sitting there not working elsewhere for your club every year.
By using prize cover for your jackpot, your club no longer has to save every week to grow the jackpot, and avoids the inevitability of a big payout.
When you have a winner, your payout is covered, protecting your club’s finances.
Prize cover enables you to offer larger jackpots without having to wait forever to accumulate them.
Bigger jackpots means more lines means more revenue.
With prize cover, your cost is directly related to your line volume, so you know exactly how much you’ll spend on the cover, making it possible to forecast your annual lotto revenue each year.
In contrast, when funding the jackpot yourself, you cannot forecast what your club will make from lotto each year, because you simply do not know how much you will have to pay out, how many times you will have to pay out and hence how many times you will have to replenish the reserve pot.
No more surprises.
Instead of setting aside and sitting on large pots of money to fund a potential payout, prize cover allows you to pay a fixed cover cost per line.
This frees up funds for other important club activities, investments and development.
Paying an average of €200 per week in to a jackpot is €10,400 per year of club money that's not at work for your club elsewhere.
On top of that, add on an average jackpot amount of say €10,000, and then also add on a reserve pot of €2,000....and that’s a lot of money that’s sitting there not working elsewhere for your club every year.
By using prize cover for your jackpot, your club no longer has to save every week to grow the jackpot, and avoids the inevitability of a big payout.
When you have a winner, your payout is covered, protecting your club’s finances.
Prize cover enables you to offer larger jackpots without having to wait forever to accumulate them.
Bigger jackpots means more lines means more revenue.
With prize cover, your cost is directly related to your line volume, so you know exactly how much you’ll spend on the cover, making it possible to forecast your annual lotto revenue each year.
In contrast, when funding the jackpot yourself, you cannot forecast what your club will make from lotto each year, because you simply do not know how much you will have to pay out, how many times you will have to pay out and hence how many times you will have to replenish the reserve pot.
Let's keep it simple, because it is.
1. You decide on your Jackpot size and we calculate the probability of a winner.
e.g. 4 numbers from 32 is 1 in 35,960.
2. The cost of prize cover is then calculated based on the probability of a winner and the Jackpot size.
3. You pay cover for each lotto line entry that you have each week and this covers you in the case of a Jackpot win. So, every time you have a Jackpot winner, it’s us that pay out, not you.
4. Each week before your lotto draw, you upload a file with all of your weekly line entries before each lottery draw takes place.
5. When a player matches the numbers drawn in your lotto, you let us know and the appropriate amount will be paid out to the winner/s.
PAY AS YOU GO.
NO BIG OUTLAYS.
1. Prepay for a batch of line cover credits which will cover you for an average of 4 weeks of draws, depending on how many lines per week you have.
2. Use them to cover lines from week to week for the Jackpot winner.
3. Before you run out of credits or when the Jackpot is won, buy more line cover credits.
SIMPLE.
Does this model work for your club?
Every club has different sized lottos and different goals. Your club might have a much greater or lower starting base.
But the same maths applies to all.
Talk to us, we’ll run the numbers for you and show you what increase you and your club can expect and how you can free up your current lotto jackpot funds to use for club development.
Let’s say a club currently averages 250 lines per week and on average pays out €10,000* per year on Jackpot prizes.
1. Introduce a €20,000 weekly Jackpot using prize cover.
2.You can very realistically expect at minimum to double your weekly lines.
3. And as a result, your overall annual line revenue will increase after Jackpot insurance costs by €11,820. That's an increase of 74%.
4. There's a case for lottos of all sizes.
Talk to us, we’ll go through your performance numbers and assess the impact that a big jackpot will have on your weekly line volume and what increase in revenue you can expect.
*Note: if your current annual club lotto jackpot payout is in total greater than €10k each year that we've used in this example, then your current costs are actually much higher than in this example.
- Stop putting club money aside every week to grow your lotto jackpot.
- Stop funding and paying out your own lotto jackpot winners.
- Introduce a big weekly jackpot and use prize cover instead.
There is only 1 thing that makes it an easy decision for your club:
- Bigger Jackpots = More Revenue for you to invest in club development. Fact.
Talk to us.
There is never a good reason why you should be saving every week to fund a lotto jackpot.
Another week that passes is another week that you could have been raising much more money from your Club Lotto to invest into club development, and or freeing up what you're currently saving and sitting on every week, to reinvest back into your club.
We'll look at your current numbers and tell you what the revenue increases will look like for your club.
- Stop putting club money aside every week to grow your lotto jackpot.
- Stop funding and paying out your own lotto jackpot winners.
- Introduce a big weekly jackpot and use prize cover instead.
With 35 years global experience, PIMS-SCA are the world’s leading provider of over redemption, fixed fee & prize coverage for games, contests and promotions, pioneers and market leaders for the UK, European, US, African, Asian and Australasian Promotional Risk Management Markets.
You pay a fixed cost so that you are covered if and when someone wins your Lotto Jackpot. You know that you are covered and your insurer pays out, not you.
That enables you and your club to offer massive Jackpots each week and throughout the year, increasing your revenue and raising more money for your club.
We work with clubs of all categories and sizes.
We specialise in working with clubs across the country to provide Big Jackpots and exciting games to help them grow revenue and keep members engaged.
We can help your club to generate more revenue.
We understand the challenges that clubs have in generating revenue from lotteries and other acitivites.
We can help make that challenge easier.
Milagro Ltd. / Club Lotto Jackpots