Jackpot$35M Series A funding was raised by, an online platform and lottery ticket app provider based in San Francisco, CA.
The round was led by Accomplice and Courtside Ventures, with participation from Kraft Group, Michael Rubin, Haslam Sports Group, Elysian Park Ventures, Arctos Sports Partners, Sapphire Sport, Theo Epstein, Fenway Sports Group President Mike Gordon, Jason Robins, James Harden, Joel Embiid, Martin Brodeur Lil Baby, and Sam Kennedy.
The company intends to use the funds to expand operations and launch its product in the United States.
Jackpot Jackpot, which is led by Akshay K. Khanna as CEO, allows online purchase of official state lottery tickets. Customers will have the option to purchase lottery tickets online via a desktop or mobile app. This allows them to shop at home or on the move.
As more states allow online lottery ticket sales, Jackpot’s proprietary technology will help facilitate an increase in lottery ticket sales for the states where the service is permitted, by driving traffic towards the lottery as a form of entertainment and by bringing the lottery experience to a younger audience that may never have purchased lottery tickets before.
The team is led by Akshay K. Khanna, an accomplished sports and licensing executive who formerly ran StubHub’s North America business and Harris Blitzer Sports & Entertainment’s strategy group; co-founder Roi More, the co-founder of Gett; and co-founder Yariv Ron, a real money gaming industry veteran.
Jackpot will open an operation in the US in a few states this year.