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Jackpocket Scores Another $50M to Make Playing the Lottery as Easy as a Few Taps on Your Phone
The lottery is the most popular form of gaming with 49% of adults reporting buying a lottery ticket.  For states, the lottery serves as a source of revenue to fund public education budgets, veteran services, infrastructure, and other public works.  Jackpocket, founded in 2013, partners with official state lottery retailers and offers the players the convenience of getting in on the action from their phones, get automated alerts when they win, and even collect via the phone. The company currently services Arkansas, Colorado, Minnesota, New Hampshire, New Jersey, New York, Ohio, Oregon, Texas, and Washington DC with plans to expand to new markets.  The service went live in New York last month and is already responsible for 7% of all Powerball tickets sold in the state. Despite the pandemic slowing down the overall lottery market, Jackpocket grew ....

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