Jackpocket Raises $50M in Series C Funding

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Jackpocket, a NYC-based licensed third-party app providing a secure way to order official state lottery tickets, closed a $50M Series C funding round.

Backers included Raine Group, Greenspring Associates, Circle K Ventures, TEGNA Ventures, BRV Capital, and Gaingels, and individual investors, such as David Blitzer, the owner of the NJ Devils & 76ers, Sean Hayes, actor and producer, and Jon Ledecky, the owner of the NY Islanders.

The company intends to use the funds to grow its user base as they launch in new jurisdictions, and expand the team

Led by Peter Sullivan, CEO and Founder, Jackpocket provides a licensed third-party app giving users a secure way to order official state lottery tickets automatically. It is currently available in Arkansas, Colorado, Minnesota, New Hampshire, New Jersey, New York, Ohio, Oregon, Texas, and Washington, D.C., and is expanding to many new markets.