Jackpocket

Jackpocket, Inc. is an American technology company headquartered in New York City. It produces an app for ordering lottery tickets in 14 U.S. states and the District of Columbia.[1][2]

Jackpocket
TypePrivate
IndustryLottery
Founded2013
FounderPeter Sullivan
Headquarters
New York City
Number of employees
200+ (2022)
Websitewww.jackpocket.com

History

Jackpocket was founded in 2013 by Peter Sullivan to create an app for ordering lottery tickets.[3]

The company operates as a lottery courier service.[4] It is the first registered lottery courier service in New York and New Jersey, the two U.S. states which have passed regulations for the operation of digital lottery courier services.[5][6]

In December 2022, Jackpocket signed a sponsorship deal with ice hockey team the Dallas Stars.[7]

Series funding

In October 2021, NJ.com reported that a New Jersey Lottery player had won a $9.4 million jackpot on a ticket ordered via the Jackpocket app.[8]

In November 2021, the company raised a $120 million Series D round led by venture capital firm Left Lane Capital which included participation from Mark Cuban.[9] To date, Jackpocket has raised $200 million and is valued at $620 million.[1]

Casino license

In 2022, Jackpocket received a casino license in New Jersey through a deal with Caesars Interactive Entertainment and will be launching iGaming products by 2023.[1]

References
  1. Yakowicz, Will (2022-06-17). "Meet Jackpocket, The Mobile App Winning Big In The $83 Billion U.S. Lottery Market". Forbes. Retrieved 2022-09-08.
  2. "Jackpocket". Retrieved 2023-01-16.
  3. ""Jackpocket" app aims to modernize - and monitor - lottery purchases". CBS News. 2015-09-30. Retrieved 2022-09-08.
  4. Klein, Melissa (2019-05-18). "New gambling app will buy lottery tickets for you". New York Post. Retrieved 2022-09-08.
  5. Karlin, Rick (2021-01-26). "New York approves app that will deliver your lottery tickets". Times Union. Retrieved 2022-09-08.
  6. Marcus, Samantha (2019-12-12). "You can get N.J. lottery tickets, prizes delivered to your phone with new service". NJ.com. Retrieved 2022-09-08.
  7. "Jackpocket Gets On The Ice With Dallas Stars Deal". 8 December 2022.
  8. Goldman, Jeff (2021-10-22). "$9.4 million Pick 6 lottery ticket sold with Jackpocket app". NJ.com. Retrieved 2022-09-08.
  9. DiFurio, Dom (2021-11-09). "Mark Cuban backs rapidly growing Texas Lottery app Jackpocket in $120 million funding round". Dallas Morning News. Retrieved 2022-09-08.
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