Jackpocket

Jackpocket

Mobile app for purchasing lottery tickets

About Jackpocket

Simplify's Rating
Why Jackpocket is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

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 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 randomly generated numbers. After purchasing a ticket, the app sends a scan of the ticket to the user, ensuring they are the rightful owner, while the physical ticket is stored securely in a fireproof safe. This service is designed for individual lottery players who prefer a convenient way to participate without visiting a physical store. Jackpocket partners with licensed retailers to fulfill ticket purchases, which helps drive business for those retailers and ensures compliance with state regulations. The company charges a small service fee for each ticket, which users accept for the added convenience and features like winning notifications and ticket pooling options. Jackpocket aims to make the lottery experience more accessible and enjoyable while promoting responsible gaming.

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Simplify's Take

What believers are saying

  • DraftKings' acquisition could expand Jackpocket's reach in the digital lottery market.
  • Integration with smart home devices could enhance user convenience and engagement.
  • AI-driven personalization may boost user satisfaction and increase ticket sales.

What critics are saying

  • Legal challenges from indigenous groups could impact Jackpocket's operations and finances.
  • Strategic shifts post-acquisition by DraftKings may alienate existing Jackpocket users.
  • Collaboration with Barstool Sports might attract regulatory scrutiny due to compliance issues.

What makes Jackpocket unique

  • Jackpocket offers a seamless mobile experience for purchasing and managing lottery tickets.
  • The app provides secure ticket storage and user notifications for winnings.
  • Jackpocket collaborates with licensed retailers, ensuring compliance with state regulations.

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Funding

Total Funding

$949.8M

Above

Industry Average

Funded Over

6 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

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

s36myvip
Jun 8th, 2025
Jackpocket Launches Lottery App in Idaho

Jackpocket launches lottery app in Idaho.

Medium
Dec 14th, 2024
DraftKings Buys Jackpocket for $750M

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.

Casino.org
Nov 12th, 2024
Jackpocket Announces Collaboration with Barstool Sports

Lottery app Jackpocket, a subsidiary of DraftKings Inc., today announced a new collaboration with Barstool Sports.

Alibaba
Oct 10th, 2024
Jackpocket Adds Desktop Option For West Virginians

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.

FL Times
Apr 22nd, 2024
Cayuga Nation sues state Gaming Commission and Jackpocket over gaming

Cayuga Nation sues state Gaming Commission and Jackpocket over gaming.

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