About Jackpocket
Jackpocket is a company based in New York (United States) founded in 2013 was acquired by DraftKings in February 2024.. Jackpocket has raised $193.59 million across 5 funding rounds from investors including DraftKings, Circle K and Tegna. Jackpocket offers products and services including Lottery App, Scratchers, and Smart Order. Jackpocket operates in a competitive market with competitors including California Lottery, Lottery, Jackpot, Georgia Lottery and BOTB, among others.
- Headquarter New York, United States
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Jackpocket Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$193.59 M (USD)
in 5 rounds
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Latest Funding Round
$120 M (USD), Series D
Nov 09, 2021
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Investors
DraftKings
& 23 more
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Employee Count
Employee Count
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Acquired by
DraftKings
(Feb 16, 2024)
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Products & Services of Jackpocket
Jackpocket offers a comprehensive portfolio of products and services, including Lottery App, Scratchers, and Smart Order. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for ordering and managing lottery tickets online securely.
Digital tickets for instant win opportunities via the app.
Feature for automatic ticket ordering and drawing reminders.
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Software Development Team
269 people
Sales and Marketing
80 people
Data Analysis and Operations Team
79 people
Product Management Team
68 people
Senior Team
55 people
Leadership Team
48 people
Legal and Compliance
39 people
Human Resources and Administration
32 people
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Funding Insights of Jackpocket
Jackpocket has successfully raised a total of $193.59M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $120 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series D — $120.0M
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First Round
First Round
(12 May 2015)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series D - Jackpocket | Valuation | Left Lane | |
| Feb, 2021 | Amount | Series C - Jackpocket | Valuation | Raine , Greenspring Associates | |
| May, 2019 | Amount | Series B - Jackpocket | Valuation | PROOF |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Jackpocket
Jackpocket has secured backing from 24 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include DraftKings, Circle K and Tegna. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified investment management firm
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Founded Year | Domain | Location | |
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Multiple sectors are targeted through private equity by Raine.
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Founded Year | Domain | Location | |
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Venture capital investing with a focus on diversity and inclusion in the ecosystem.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Jackpocket
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Jackpocket
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Jackpocket Comparisons
Competitors of Jackpocket
Jackpocket operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as California Lottery, Lottery, Jackpot, Georgia Lottery and BOTB, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Operates an app-based platform for engaging lottery games and services.
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| domain | founded_year | HQ Location |
Lottery-based games are provided via an online gambling platform.
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| domain | founded_year | HQ Location |
Online gambling platform offering casino and lottery games
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| domain | founded_year | HQ Location |
Operates lottery games like draws and scratchers to support education funding.
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| domain | founded_year | HQ Location |
Online lottery agents
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Jackpocket
Frequently Asked Questions about Jackpocket
When was Jackpocket founded?
Jackpocket was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Jackpocket located?
Jackpocket is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Jackpocket a funded company?
Jackpocket is a funded company, having raised a total of $193.59M across 5 funding rounds to date. The company's 1st funding round was a Series B of $5M, raised on May 12, 2015.
What does Jackpocket do?
Jackpocket was founded in 2013 in New York, United States, as an online platform in the lottery sector. Tickets for lotteries such as Megamillions and Powerball are enabled for purchase and participation by users. Operations include in-app payments and a mobile application available on Android. The service focuses on digital access to state lotteries across the U.S.
Who are the top competitors of Jackpocket?
What products or services does Jackpocket offer?
Jackpocket offers Lottery App, Scratchers, and Smart Order.
Who are Jackpocket's investors?
Jackpocket has 24 investors. Key investors include DraftKings, Circle K, Tegna, Digital Currency Group, and Anchor Capital Advisors.