The Texas Lottery has renewed its risk transfer agreement (a form of insurance) with SCA for its Retailer Bonus Program.
SCA will pay $1 million to any Texas retailer that sells a winning
Mega Millions or Powerball jackpot. The original contract began last year and shortly thereafter SCA paid a $1 million check to a retail owner.
Gary Grief, executive director of the Texas Lottery commented, “We got off to a successful start last year with a $1 million retailer bonus payout just two weeks into our 2019 inaugural contract with SCA. They paid quickly, and we were very pleased with their professionalism. It’s part of the reason we were quick to renew and continue our partnership.”
The agreement pays out no matter how many jackpots the Lottery pays out.
