SBTech Chairman Gavin Issacs, one of global gambling’s leading figureheads has backed New York start-up Jackpocket, an enterprise seeking to revolutionise consumer lottery engagements across all US states.
Issacs the former Group Chief Executive & President of Scientific Games (2014-17), will act as a senior advisor to Jackpocket’s board, leadership and investment partners.
Founded by tech entrepreneur Peter Sullivan, Jackpocket brands itself as the first ‘US 3rd-party lottery ticketing app’ – allowing US consumers to play on multiple lottery draws regardless of state or geographic restrictions.
Jackpocket’s enterprise mission is to create a more convenient, fun and responsible way to play the lottery – allowing its customers to autoplay draws, join lottery groups, create syndicates and check lottery results.
“We’re fortunate to be in a position where we can be really thoughtful about who we have in our court, as we fortify our leadership position as a gaming technology company in a changing industry,” said Jackpocket Founder and CEO Peter Sullivan.
“With lotteries and iGaming undergoing such rapid transformation, and in many cases starting to converge, we know that Gavin will bring valuable counsel and foresight in making more inroads for our growth.”
To date, Jackpocket has raised a reported $24 million in venture funding, backed by Silicon Valley-based BlueRun Ventures and Conductive Ventures, alongside New York-based Subversive Capital.
It’s been so thrilling to witness Jackpocket’s evolution over the last few years, and to see it fully embrace all of its hurdles and turn them into opportunities for creating a better lottery experience,” Issacs commented on backing Jackpocket.
“It’s an exciting road ahead, and I’m eager to do my part to help the team navigate regulated spaces and shape new strategies for modernising the industry.”