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Industries
Consumer Software
Gaming
Company Size
51-200
Company Stage
Acquired
Total Funding
$949.8M
Headquarters
New York City, New York
Founded
2013
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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Total Funding
$949.8M
Above
Industry Average
Funded Over
6 Rounds
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
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.
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Industries
Consumer Software
Gaming
Company Size
51-200
Company Stage
Acquired
Total Funding
$949.8M
Headquarters
New York City, New York
Founded
2013
Find jobs on Simplify and start your career today