About Jackpocket
Jackpocket offers a mobile app that allows users to purchase and manage state lottery tickets conveniently. Users can choose their own numbers or use a Quick Pick option, and the app sends a scan of the purchased ticket while securely storing the physical ticket. Unlike competitors, Jackpocket partners with licensed retailers to ensure compliance with state regulations and charges a small service fee for its convenience features. The company's goal is to make the lottery experience more accessible and enjoyable while promoting responsible gaming.
New York City, New YorkHeadquarters
2013Year Founded
$194.3MTotal Funding
ACQUISITIONCompany Stage
Consumer Software, GamingIndustries
51-200Employees
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
Risks
Legal challenges from indigenous groups may impact Jackpocket's operations and reputation.
DraftKings' acquisition might lead to strategic changes alienating current users.
Collaboration with Barstool Sports could affect Jackpocket's brand image due to controversy.
Differentiation
Jackpocket offers a unique mobile-first lottery experience with secure ticket storage.
The app provides features like ticket pooling and automatic win notifications.
Jackpocket's Super Pick feature simplifies participation in Mega Millions and Powerball.
Upsides
DraftKings' acquisition could expand Jackpocket's reach in the digital lottery market.
AI integration for personalized recommendations may boost user engagement and retention.
Blockchain technology could enhance transaction security and transparency for Jackpocket.
Funding
Total raised$194.30 M
Latest valuation$750.00 M
StageACQUISITION
ACQUISITION
1/31/2024$750
$750.00 MSERIES D
10/31/2021$120
$600.00 MSERIES A
5/31/2016$6
$31.00 M$2
$10.00 M