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

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

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways does the Jackpocket app aim to provide a more convenient experience for users?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What new features are being introduced in the Jackpocket app related to instant lottery delivery?

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