Jackpocket raises $120M to expand its lottery app

Finance News

Jackpocket, the leading lottery app in the U.S. to provide a secure way to order official state lottery tickets, announced has raised $120M in funding to pioneer the future of lottery play.

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.

“The mobile gaming and lottery industry is experiencing an exciting and unprecedented level of growth and expansion. It was very clear to us that Jackpocket was the company in the space to back, and is spearheading real progress and innovation in this market,” said Harley Miller, Founder and Managing Partner of Left Lane Capital. “To innovate in the lottery space in a compliant fashion has historically been difficult, and we were compelled by the integrity with which Jackpocket has navigated the ecosystem. We look forward to supporting their growth and further expansion efforts.”

“We’re excited to have such a diverse group of partners and individuals validate Jackpocket’s vision for the future,” said Peter Sullivan, CEO and Founder of Jackpocket. “Our success over the past 12 months highlights our ability to reach the broadest base of lottery player possible, and we’ll use this funding to continue to grow and innovate the platform with new types of gameplay.”