Jackpot.com Raises $7M in Funding

Jackpot.com, a San Antonio, TX-based provider of an online lottery ticket platform, raised $7M in funding.

Following a $35m Series A this summer, additional funds were raised from some of the biggest names in sports, entertainment, and gaming, including the Dallas Cowboys, New York Yankees, San Francisco 49ers owners’ Aurum Partners, the Tisch family (co-owners of the New York Giants), Detroit Venture Partners (run by Cleveland Cavaliers owner Dan Gilbert), and BettorCapital.

The company intends to use the funds to accelerate growth and expand operations.

Led by CEO Akshay K. Khanna, Jackpot.com is a provider of an online lottery ticket platform. The company brings verified, official state lottery tickets online by leveraging its digital platform to give customers the ability to play right from a phone, tablet, or desktop.

Jackpot.com has invested in responsible gaming safeguards, with default spending limits and other features built in throughout the experience, which earned them a certification from the National Council on Problem Gaming.

The company has just launched in Texas, with exclusive marketing partnerships with the Dallas Cowboys, Houston Rockets, and San Antonio Spurs. These multi-year partnerships mean Jackpot.com’s logo will appear throughout some venues in Texas – Dallas’s AT&T Stadium, Houston’s Toyota Center, and San Antonio’s AT&T Center. As part of the partnership agreements, Jackpot.com will be offering promotions geared toward these fanbases, and cross-promoting the Jackpot.com app on radio, internet, and billboards.