“Can a digital lottery courier app become the dominant mobile-first entry point for the U.S. lottery market, and serve as a customer acquisition funnel for broader gaming platforms like DraftKings?”
Founded in 2013 as America's first licensed third-party lottery courier app, Jackpocket built a mobile-first service that allowed users to order official state lottery tickets without visiting a retailer. The company grew rapidly through the pandemic era, raising over $170M in 2021 alone and expanding to 10+ states. After signaling ambitions to move into broader mobile gaming, Jackpocket was acquired by DraftKings for $750M in 2024 — a strategic move by DraftKings to access the massive U.S. digital lottery market and strengthen customer lifetime value across its sportsbook and iGaming products.
Jackpocket discloses Sutton Bank as its banking provider, according to the Embedded Finance Index 2026.
Jackpocket does not disclose a bank charter of its own; its banking services are provided through Sutton Bank.
The Embedded Finance Index 2026 maps 2 layers in Jackpocket's stack: Banking / BaaS (Sutton Bank); Sponsor bank (Sutton Bank).
Jackpocket was founded by Peter Sullivan and is founded in 2013, headquartered in New York City, NY, USA.
Jackpocket has raised $220M+ in total (latest round: Acquired by DraftKings, May 2024; valuation: $750M (acquisition price)).
Get a read on where your own stack stands against Jackpocket and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.