Jackpocket

Jackpocket

Mobile app for purchasing lottery tickets

About

Jackpocket provides a mobile app that allows users to easily buy and manage lottery tickets for games like Powerball and Mega Millions. Users can select their own numbers or use a Quick Pick option for random selections. After purchasing a ticket, the app sends a scan of the ticket to the user, confirming ownership, while the physical ticket is stored securely in a fireproof safe. This service is designed for individuals who prefer a convenient way to participate in lotteries without needing to visit a physical store. Unlike competitors, Jackpocket partners with licensed retailers to fulfill ticket purchases, ensuring compliance with state regulations and supporting local causes. The company charges a small service fee for each ticket, which users accept for the added convenience and features, such as winning notifications and ticket pooling options. Jackpocket aims to make the lottery experience more accessible and enjoyable while promoting responsible gaming.

Company Stage

Acquired

Employees

51-200

Industries

Consumer Software, Gaming

Total Funding

$194.3M

Headquarters

New York City, New York

Founded

2013


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Simplify's Take

What believers are saying

  • DraftKings' acquisition provides financial backing for expansion and innovation in digital lottery.
  • The Super Pick feature simplifies lottery participation, potentially boosting user engagement.
  • Desktop version launch in West Virginia expands accessibility beyond mobile users.

What critics are saying

  • Legal challenges from groups like Cayuga Nation could impact Jackpocket's operations.
  • DraftKings acquisition may lead to strategic changes that alienate current users.
  • Collaboration with Barstool Sports might affect Jackpocket's brand due to Barstool's reputation.

What makes Jackpocket unique

  • Jackpocket offers a unique mobile-first lottery experience with secure ticket storage.
  • The app provides features like ticket pooling and user notifications for enhanced engagement.
  • Jackpocket collaborates with licensed retailers, ensuring compliance and supporting state causes.

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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

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