We introduce and analyse approximate quantum secret sharing in a formal cryptographic setting, wherein a dealer encodes and distributes a quantum secret to players such that authorized structures (sets of subsets of players) can approximately reconstruct the quantum secret and omnipotent adversarial agents controlling non-authorized subsets of players are approximately denied the quantum secret. In particular, viewing the map encoding the quantum secret to shares for players in an authorized structure as a quantum channel, we show that approximate reconstructability of the quantum secret by these players is possible if and only if the information leakage, given in terms of a certain entanglement-assisted capacity of the complementary quantum channel to the players outside the structure and the environment, is small.