Lottery App 'Jackpocket' Raises $50 Million in Funding Round

The Jackpocket app allows users to play official lottery games from home, with regulations in place in New York and New Jersey. The app emphasizes responsible gambling by allowing users to set spending limits and take breaks. Recently, Jackpocket raised $50 million in a Series C round to expand into new markets and enhance user acquisition. The app has seen significant growth, with over a million downloads in January. Looking ahead, Jackpocket plans to expand its product offerings into other gaming verticals, such as casinos and sweepstakes, and introduce instant lottery delivery in New York.

What feature does the Jackpocket app offer to promote responsible gambling?

• Increased jackpot prizes

• Spending limits and break options

• Automatic ticket purchase

• Free lottery tickets

How much funding did Jackpocket raise in their Series C round?

• $100 million

• $50 million

• $25 million

• $10 million

Which of the following is NOT mentioned as an investor in Jackpocket's Series C round?

• Amazon Ventures

• Greenspring Ventures

• The Rain Group

• Circle K Ventures

What new feature will the Jackpocket app offer according to the New York Gaming Commission's approval?

• Free gaming credits

• Live lottery draws

• Instant lottery delivery

• Virtual reality lottery

What is the main goal of Jackpocket's expansion into new gaming verticals?

• To increase the price of lottery tickets

• To limit access to lottery games

• To provide a more convenient and enjoyable experience

• To replace traditional lottery stores