Jackpocket, a New York-based company that provides a lottery app, raised $120M in Series D funding.
The round was led by Left Lane Capital with participation from Kevin Hart, Whitney Cummings, Mark Cuban, Manny Machado, Greenspring Associates, The Raine Group, Anchor Capital, Gaingels, Conductive Ventures, BlueRun Ventures, Digital Currency Group, PROOF and Santa Barbara Venture Partners.
The company intends to use the funds for geographic expansion, including international markets, the development of new verticals and gameplay, new marketing initiatives and partnerships, and potential acquisitions.
Led by Peter Sullivan, CEO and Founder, Jackpocket provides a secure way to order official state lottery tickets. 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. The company’s Series D announcement follows a Jackpocket user winning a $9.4M lottery prize on the app. In 2021, Jackpocket partnered with the New York Racing Association, the New York Islanders, and the New York Jets — as the first digital lottery partner in the NFL — with new partnership announcements to follow.
FinSMEs
10/11/2021