![]() ![]() New data found that nearly half of Jackpocket's first-time players are 18-35 years old, and the overwhelming majority of Jackpocket's users are under 45 years old. The future for Jackpocket looks bright, as the app continues to reach previously untapped lottery audiences. The Series C funding will fuel new growth marketing campaigns and a series of new additions to the Jackpocket team to support aggressive expansion. This next round of funding will allow us to significantly grow our user base as we launch in new jurisdictions, expand our team, and continue to build the lottery of the future." "Our growth over the past 12 months highlights our ability to reach a new demographic of lottery players looking for fun and safe mobile experiences. "Lottery is the next major form of entertainment to go mobile, and Jackpocket is proud to lead that movement by partnering with state lotteries and legislators in the pursuit of a more accessible, convenient, and responsible lottery experience," said Peter Sullivan, CEO and Founder of Jackpocket. This group includes major firms such as Raine Group, Greenspring Associates, Circle K Ventures, TEGNA Ventures, BRV Capital, and Gaingels, and a number of new high-profile individual investors, such as David Blitzer, the owner of the NJ Devils & 76ers, Sean Hayes, actor and producer best known for his role in Will & Grace, and Jon Ledecky, the owner of the NY Islanders. The Series C funding was fueled by diverse companies, groups, and individuals who share Jackpocket's vision to revolutionize the lottery and gaming market. After launching in New York last month, Jackpocket hit 7% of all Powerball tickets sold in the state. ![]() The company's new investment is already paying off in January alone, new user growth surpassed the entirety of 2020. After seven years of operation, Jackpocket has won regulatory approval in New York and New Jersey, and has also worked with eight other states to provide consumers with the easiest, most compliant way to play the lottery today. to provide a secure way to order official state lottery tickets, announced today the conclusion of a $50M Series C funding round. 9, 2021 /PRNewswire/ - Jackpocket, the first and only licensed third-party app in the U.S. ![]()
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