Online Lottery Ticket Platform Jackpot.com Launches in Texas With $42 Million in Funding – Yahoo Finance

Online Lottery Ticket Platform Jackpot.com Launches in Texas With $42 Million in Funding – Yahoo Finance

Online Lottery Ticket Platform Jackpot.com Launches in Texas With $42 Million in Funding

Jackpot.com is also announcing new financial backers including the Cowboys, Yankees, and owners of the 49ers, Cavaliers & NY Giants.

  • By modernizing the lottery and launching in Texas as its beachhead state, Jackpot.com is bringing players an easy, secure, and responsible way to play the lottery right from their phone, tablet, or desktop.

  • Following a $35 million Series A this summer, Jackpot.com is announcing an extension of the round to $42 million, with additional funds raised from some of the biggest names in sports, entertainment, and gaming, including the Dallas Cowboys, New York Yankees, San Francisco 49ers owners’ Aurum Partners, the Tisch family (co-owners of the New York Giants), Detroit Venture Partners (run by Cleveland Cavaliers owner Dan Gilbert), and BettorCapital.

  • Jackpot.com offers a convenient way to play, while also empowering players to play responsibly, using technology to proactively identify problematic gambling and making it easy to set limits and find help, which earned the platform a certification from the National Council on Problem Gambling.

  • Jackpot.com is digitizing the $100 billion annual lottery industry; in 2021, almost half of all Americans purchased a lottery ticket, but only a fraction of those transactions happened online. Texas is the third-largest lottery market in the US, with more than $8 billion spent on the lottery in the state last year, making it the perfect place to launch Jackpot.com’s modern-day way to play.

  • Over the last 25 years, the Texas Lottery has contributed over $29 billion to supporting public education in Texas. In the 2022 fiscal year, the Texas Lottery made its largest contribution to date, transferring more than $1.9 billion to the state’s Foundation School Fund.

SAN ANTONIO, January 09, 2023–(BUSINESS WIRE)–Jackpot.com, the online lottery ticket platform, launched today in Texas with $42M in funding from some of the country’s top professional sports franchises and marketing partnerships with the Dallas Cowboys, Houston Rockets, and San Antonio Spurs.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230109005230/en/

Jackpot.com brings the official Texas state lottery (and your winnings) right to your phone or computer, making it easier than ever to cash in on a life-changing ticket. Texans can instantly play the Powerball, Mega Millions, Lotto Texas, and Texas Two Step, then view scanned copies of their purchased tickets in their account. Jackpot.com ensures eligibility through ID and location-verification, notifies you when drawings take place, and delivers your winnings directly to your account, so you never miss an opportunity to hit the jackpot.

Jackpot.com’s Texas launch includes exclusive marketing partnerships with the Dallas Cowboys, Houston Rockets, and San Antonio Spurs. These multi-year partnerships mean Jackpot.com’s logo will appear throughout some of the most beloved venues in Texas – Dallas’s AT&T Stadium, Houston’s Toyota Center, and San Antonio’s AT&T Center – just as …….

Source: https://news.google.com/__i/rss/rd/articles/CBMiVGh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vbmV3cy9vbmxpbmUtbG90dGVyeS10aWNrZXQtcGxhdGZvcm0tamFja3BvdC0xMDAwMDAwNTkuaHRtbNIBXGh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vYW1waHRtbC9uZXdzL29ubGluZS1sb3R0ZXJ5LXRpY2tldC1wbGF0Zm9ybS1qYWNrcG90LTEwMDAwMDA1OS5odG1s?oc=5

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