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Jackpocket

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?

Founded2013
HQNew York City, NY, USA
FoundersPeter Sullivan
Total raised$220M+
Latest roundAcquired by DraftKings, May 2024
Valuation$750M (acquisition price)
IndustryVertical SaaS / Lottery & Gaming
The story

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.

Last 12 months
2024-02
2024-05
Product timeline
2013
Founded by Peter Sullivan as a digital lottery courier app, first registered lottery courier service in New York.· pivot
2021
Raised $50M Series C in February, followed by $120M Series D in November; expanded to 10 U.S. states with 2.5M active users.· banking
2021
Announced plans to expand from lottery couriering into broader mobile gaming.· pivot
2024
DraftKings announced acquisition of Jackpocket for $750M in February; transaction closed May 22, 2024.· acquisition
2024
Jackpocket became a wholly-owned subsidiary of DraftKings Inc., operating lottery courier app in 17 U.S. states plus D.C. and Puerto Rico.· acquisition
The stack
2 layers disclosed in Jackpocket’s embedded-finance stack
Banking / BaaS
Sutton Bank
Sponsor bank
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.