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Jackpocket, founded in 2013 and headquartered in New York, is a leading mobile platform for purchasing official state lottery tickets. The company's innovative app allows users to conveniently order tickets, check results, join lottery pools, and receive automatic win alerts. Jackpocket has made significant strides in modernizing the lottery industry, addressing the fact that 90% of lottery tickets are still purchased in physical stores.
The company has achieved notable milestones, including partnerships with Circle K and becoming the official digital lottery courier of the USA Today Network. Jackpocket has also expanded its services to multiple states, including recent launches in Nebraska, Massachusetts, and Puerto Rico. In August 2023, Jackpocket became the first-ever Digital Lottery Courier Partner of the Boston Red Sox, securing prominent in-game signage at Fenway Park.
While there is no current information available regarding Jackpocket's IPO prospects, it's worth noting that in February 2024, DraftKings announced an agreement to acquire Jackpocket for approximately $750 million. This acquisition, expected to close in the second half of 2024, may significantly impact any potential future plans for a public offering.
As the digital lottery market continues to grow, Jackpocket's innovative approach and expanding user base position it as a significant player in the industry. However, it's important to note that any discussion of a potential IPO remains speculative at this time, given the recent acquisition announcement.
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While Jackpocket's IPO prospects remain uncertain, investors eager to gain exposure to innovative lottery technology companies don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies, including potential leaders in the digital lottery and gaming sectors. Our platform allows you to diversify your portfolio with lower minimum investments in promising companies like Jackpocket, potentially benefiting from their growth before they go public.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
