Jackpocket - About the company
Jackpocket is an acquired company based in New York City (United States), founded in 2013 by Matt Silber. It operates as an Online platform for purchasing and participating in lottery tickets. Jackpocket has raised $194M in funding from investors like BlueRun Ventures, Greenspring Associates and The Raine Group. The company has 1041 active competitors, including 18 funded and 28 that have exited. Its top competitors include companies like California Lottery, Lottery and Jackpot.
Company Details
Online platform for purchasing and participating in lottery tickets. The platform enables users to purchase various lottery tickets like Megamillions, Powerball, etc. It offers features like in-app payments, etc. The mobile application is available for the Android platform.
- Website
- jackpocket.com
Key Metrics
Founded Year
2013
Location
New York City, United States
Stage
Acquired
Total Funding
$194M in 5 rounds
Latest Funding Round
Investors
Ranked
3rd among 1041 active competitors
Employee Count
75 as on May 31, 2026
Similar Companies
Exit Details
Acquired by DraftKings (Feb 16, 2024)
Jackpocket's acquisition details
Jackpocket got acquired by DraftKings on Feb 16, 2024 at an acquisition amount of $*****.
Click here to take a look at Jackpocket's acquisition in detail
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Jackpocket's funding and investors
Jackpocket has raised a total funding of $194M over 5 rounds. Its first funding round was on May 12, 2015. Its latest funding round was a Series D round on Nov 09, 2021 for $*****. 12 investors participated in its latest round. Jackpocket has 34 institutional investors and 7 angel investors.
Here is the list of recent funding rounds of Jackpocket:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 09, 2021 | 6282288 | Series D | 8169291 | 3749607 | 9585714 | 4953101 |
Feb 09, 2021 | 6764187 | Series C | 9520252 | 9103604 | 1286229 | |
May 23, 2019 | 4028888 | Series B | 9431032 | 2987286 |
View details of Jackpocket's funding rounds and investors
Jackpocket's founders and board of directors
Founder? Claim ProfileThe founders of Jackpocket is Matt Silber.
Here are the details of Jackpocket's key team members:
- Matt Silber: Co-Founder of Jackpocket.
View details of Jackpocket's Founder profiles and Board Members
Jackpocket's employee count trend
Jackpocket has 75 employees as of May 26. Here is Jackpocket's employee count trend over the years:
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Jackpocket's Competitors and alternates
Top competitors of Jackpocket include California Lottery, Lottery and Jackpot. Here is the list of Top 10 competitors of Jackpocket, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | California Lottery 1984, Sacramento (United States), Unfunded | App-based lottery platform | - | - | 64/100 |
2nd | Lottery 2015, Austin (United States), Public | Online gambling platform offering lottery-based games | $20M | 63/100 | |
3rd | Jackpocket 2013, New York City (United States), Acquired | Online platform for purchasing and participating in lottery tickets | $194M | 60/100 | |
4th | Online gambling platform offering casino and lottery games | $42M | 55/100 | ||
5th | Georgia Lottery 1992, Atlanta (United States), Unfunded | Provider of an online lottery platform | - | - | 52/100 |
6th | Texas Lottery 1992, Austin (United States), Unfunded | Provider of an online lottery platform | - | - | 51/100 |
7th | Online platform for playing lotteries with real money | - | - | 51/100 | |
8th | Minnesota State Lottery 1990, Roseville (United States), Unfunded | Provider of an online lottery platform | - | - | 50/100 |
9th | Rhode Island Lottery 1974, Cranston (United States), Unfunded | Provider of an app-based online lottery platform | - | - | 50/100 |
10th | Svenska Spel 1997, Visby (Sweden), Public | Online lottery and betting platform | - | - | 48/100 |
Looking for more details on Jackpocket's competitors? Click here to see the top ones
Jackpocket's Investments and acquisitions
Jackpocket has made no investments or acquisitions yet.
Reports related to Jackpocket
Here is the latest report on Jackpocket's sector:
News related to Jackpocket
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DraftKings begins the integration of Jackpocket after the merger closesSeeking Alpha•May 23, 2024•DraftKings, Jackpocket
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DraftKings Raises Fiscal Year Outlook Amid $750 Million Lottery App AcquisitionThe Deep Dive•Feb 18, 2024•DraftKings, Jackpocket, Cooley, Sullivan & Cromwell
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DraftKings agrees $750m deal to snap up lottery courier JackpocketEgr Global•Feb 16, 2024•DraftKings, Jackpocket
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Moonfare draws record valuation in an extended Series C roundPrivatebankerinternational•Feb 10, 2023•Moonfare, Insight Partners, Vitruvian Partners, Bordier and 22 others
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Jackpocket Welcomes Tony Vartanian as Chief Growth and Revenue OfficerPR Newswire•Mar 28, 2022•Jackpocket
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