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About Jackpocket
Industries
Consumer Software
Gaming
Company Size
51-200
Company Stage
Acquired
Total Funding
$949.8M
Headquarters
New York City, New York
Founded
2013
Overview
Jackpocket offers a mobile app that allows users to buy and manage state lottery tickets conveniently. Users can choose their numbers or use a Quick Pick option, and the app sends a scan of the purchased ticket while securely storing the physical ticket. Unlike competitors, Jackpocket partners with licensed retailers to ensure compliance with state regulations and charges a small service fee for its convenience features. The company's goal is to make participating in lotteries more accessible and enjoyable while promoting responsible gaming.
Simplify's Take
What believers are saying
- DraftKings' acquisition could expand Jackpocket's reach in the digital lottery market.
- AI integration for personalized recommendations may boost user engagement and retention.
- Blockchain technology could enhance transaction security and user trust.
What critics are saying
- Legal challenges from indigenous groups could impact Jackpocket's operations and reputation.
- Strategic shifts post-acquisition by DraftKings may alienate existing users.
- Collaboration with Barstool Sports might affect Jackpocket's brand image negatively.
What makes Jackpocket unique
- Jackpocket offers a unique mobile-first lottery experience with secure ticket storage.
- The app provides features like ticket pooling and automatic win notifications.
- Jackpocket's Super Pick feature simplifies participation in Mega Millions and Powerball.
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Funding
Total Funding
$949.8M
Above
Industry Average
Funded Over
6 Rounds
Benefits
Competitive salaries
401(k) Matching
Stock options
Health insurance coverage up to 100%
Career growth & promotion from within
Commuter benefits
Citi Bike membership
Discounted gym membership
Flexible work schedule
Stocked kitchen & catered lunches
Cold brew & more on tap
Company News
DraftKings has acquired Jackpocket for $750 million, marking a significant move into the digital lottery market. This acquisition aims to expand DraftKings' reach beyond sports betting and online casinos, targeting the growing digital lottery sector, which saw sales of around $12 billion in 2023. Jackpocket, founded in 2013, revolutionized lottery access via mobile devices, aligning with DraftKings' strategy to focus on mobile-first markets.
Lottery app Jackpocket, a subsidiary of DraftKings Inc., today announced a new collaboration with Barstool Sports.
Jackpocket, the top third-party lottery app in the US, has recently enhanced its services by introducing a desktop version alongside its existing mobile app.
Cayuga Nation sues state Gaming Commission and Jackpocket over gaming.
Jackpocket unveils Super Pick, the convenient way to try your Mega Millions and Powerball luck.
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About Jackpocket
Industries
Consumer Software
Gaming
Company Size
51-200
Company Stage
Acquired
Total Funding
$949.8M
Headquarters
New York City, New York
Founded
2013
There are no jobs for Jackpocket right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Jackpocket