The lottery is the most popular form of gaming with 49% of adults reporting buying a lottery ticket. For states, the lottery serves as a source of revenue to fund public education budgets, veteran services, infrastructure, and other public works. Jackpocket, founded in 2013, partners with official state lottery retailers and offers the players the convenience of getting in on the action from their phones, get automated alerts when they win, and even collect via the phone. Jackpocket, founded in 2013, partners with official state lottery retailers and offers the players the convenience of getting in on the action from their phones, get automated alerts when they win, and even collect via the phone. The company currently services eight states with plans to expand to new markets. The service went live in New York last month and is already responsible for 7% of all Powerball tickets sold in the state. Despite the pandemic slowing down the overall lottery market, Jackpocket grew 4x in 2020 and now employes a team of 175. AlleyWatch caught up with Founder and CEO Peter Sullivan to learn more about the $80B lottery industry’s push to go mobile, the company’s traction, future plans, and latest round of funding from investors that include Greenspring Associates, Gaingels, The Raine Group, David Blitzer, BRV Capital, Tegna, Circle K Corporation, and Sean Hayes.
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 2/13/21 featuring funding details for SplashLearn, Mighty Buildings, Fabric, and fifteen other rounds that you must know about.
~$140M in funding raised! The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 2/9/2021 featuring funding details for RapidSOS, Jackpocket, and much more.
With so much going on in the city’s thriving ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of a few of things that you may have missed in NYC Tech News for the week ending 5/25 including the NYC startup fundings, NYC startup exits, and NYC Tech events including news for Refinery29, Siemplify, […]
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 5/23/2019 featuring funding details for Cube, Odyssey Media, and much more.