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Overview
Jackpocket lets people buy lottery tickets from a mobile app by selecting numbers or using Quick Pick, with purchases made through licensed retailers and the app receiving a scanned copy for ownership while the physical ticket is stored securely. After purchase, users get ticket scans, win notifications, and optional features like ticket pooling to improve odds, all while staying compliant with state rules. It stands apart by not being tied to one state lottery and by working through a network of licensed retailers, providing clear scans, secure storage, and group-play options. Its goal is to make lottery participation easy, trustworthy, and convenient for players while boosting retailer activity, supporting state proceeds, and encouraging responsible gaming.
About Jackpocket
Industries
Consumer Software
Entertainment
Gaming
Company Size
51-200
Company Stage
Acquired
Total Funding
$949.8M
Headquarters
New York City, New York
Founded
2013
Simplify's Take
What believers are saying
- DraftKings $750M acquisition in 2024 projects $60-100M EBITDA in 18 months.
- Barstool Sports partnership boosts user acquisition post-acquisition.
- Desktop option in West Virginia expands multi-device accessibility.
What critics are saying
- DraftKings tech stack incompatibility drops user retention in 6-12 months.
- FanDuel lottery app captures 30% of Jackpocket's $340M 2026 revenue.
- State bans on couriers after fraud probes end operations in 18-36 months.
What makes Jackpocket unique
- Jackpocket scans and securely stores physical lottery tickets in fireproof safes.
- Super Pick feature streamlines Mega Millions and Powerball purchases via app.
- Licensed courier partners with retailers in 18 states including Arizona and New York.
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Funding
Total Funding
$949.8M
Above
Industry Average
Funded Over
8 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
Growth & Insights and Company News
6 month growth
↑ 15%1 year growth
↑ 15%2 year growth
↑ 15%Jackpocket launches lottery app in Idaho.
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.
There are no jobs for Jackpocket right now.
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About Jackpocket
Industries
Consumer Software
Entertainment
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