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DraftKings Set to Acquire Jackpocket for $750 Million, Ventures into the Online Lottery Market
(TBP)

DraftKings Set to Acquire Jackpocket for $750 Million, Ventures into the Online Lottery Market

$750 million, marking its entry into the online lottery market. Jackpocket stands out as the first licensed third-party program of its kind in the United States, offering gamers a convenient and secure platform to order official state lottery tickets. The app is currently operational in various states, including Arizona, New York, Puerto Rico, Washington DC, and others.

Jackpocket enables users to remotely purchase physical lottery tickets. Subsequently, couriers upload scanned ticket versions to the app's cloud storage, with application employees promptly notifying lottery winners within an hour of result publication. Additionally, Jackpocket facilitates the instant transfer of winnings to the registered client's account.

Analysts view DraftKings' $750 million investment as a testament to their confidence in Jackpocket's service. Jason Robins, the co-founder and CEO of DraftKings, emphasized that the deal not only introduces users to an exciting new product but also generates a significant "marketing effect." According to Robins, this strategic move will increase the company's visibility among a broader audience.

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