Jackpocket raises $120M to expand its lottery app into mobile gaming

Apps that let people do virtually what they would have previously had to carry out in person have seen a boom in the last 20 months of pandemic living, and one of them today is announcing a big fundraise on the back of its own strong growth. Jackpocket, which currently has 2.5 million active users who use its app to buy tickets to play lotteries in 10 U.states, has picked up $120 million in a Series D round, funding that CEO and founder Peter Sullivan said it plans to use to expand from its core business of lottery ticket sales into a wider array of mobile gaming, and to take its business to more markets both in the U.and further afield, both on its own and in partnership with others.

Link: Jackpocket raises $120M to expand its lottery app into mobile gaming
via techcrunch.com

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