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Venture Capital News: Jackpocket Raises $120M Series D Round

NEW YORK, NY, Jackpocket announced today it has raised $120 million in Series D funding to pioneer the future of lottery play.
Jackpocket, the leading lottery app in the U.S. to provide a secure way to order official state lottery tickets, announced today it has raised $120M in Series D funding to pioneer the future of lottery play. With operations in 10 states, including New York, New Jersey, and Texas, Jackpocket's user base continues to grow rapidly with active users increasing by over 300% since the company's $50M Series C investment in February 2021. In Q3, Jackpocket hit more than 13% of all Powerball tickets sold in the state of New York for particular drawings.

Led by NYC-based, consumer-internet focused growth fund, Left Lane Capital, the Series D included participation from prestigious names like Kevin Hart, Whitney Cummings, Mark Cuban, Manny Machado, and more. The round also included previous investors Greenspring Associates, The Raine Group, Anchor Capital, Gaingels, Conductive Ventures, BlueRun Ventures, Digital Currency Group, PROOF, and new participation from Santa Barbara Venture Partners, and more.

Jackpocket is on a mission to create a more convenient, fun and responsible way to play the lottery. The first licensed third-party lottery app in the United States, Jackpocket provides an easy, secure way to order official state lottery tickets. Jackpocket is currently available in Arkansas, Colorado, Minnesota, New Hampshire, New Jersey, New York, Ohio, Oregon, Texas, and Washington, D.C., and is expanding to many new markets.
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