Online lottery ticket platform Jackpot.com launched in Texas on May 9th. One of the investors in the company are three Texas sports teams: Dallas Cowboys, Houston Rockets, and San Antonio Spurs.
High-profile activities figures cash Jackpot. apresentando
The Texas Lottery has an app, but you can’t purchase lottery tickets through it. Jackpot.com now joins Jackpocket.com as third-party apps where Texans can buy lottery tickets online.
The launch of Jackpot.com followed a Series A funding round this summer that brought the company $35 million. An additional $7 million was added before the launch, bringing the total funding to $42 million.
The Cowboys, Rockets, and Spurs each signed multi-year partnerships with Jackpot, meaning fans at AT&T Stadium, Toyota Center, and the AT&T Center will see Jackpot’s marketing during games. Jackpot will also run promotional offers at the venues and cross-promote on billboards, TV, internet, and media in the markets.
Dallas Cowboys Executive Vice President Chad Estis said the team was excited to have Jackpot on board.
“Texans love to play and love to win, which is why the Dallas Cowboys are thrilled to partner with Jackpot.com to offer our fans a new way to purchase lottery tickets conveniently and responsibly.”
Houston Rockets President of Business Operations Gretchen Sheirr echoed Estis.
“The Rockets organization is always looking to change the game through innovation – both on and off the court – and is proud to partner with Jackpot.com as they introduce a convenient and exciting way for our fans to play the lotteries online here in Texas.”
Other investors include some of the biggest names in professional sports, such as the New York Yankees, San Francisco 49ers, The Kraft Group, Theo Epstein (GM of the Chicago Cubs), Sam Kennedy (CEO and president of the Boston Red Sox), NBA players James Harden and Joel Embiid, the Tisch Family (co-owners of the New York Giants), NHL legendary goalie Martin Brodeur, and rap artist Lil Baby.
Jackpot acquisitions actual entry for customers
Jackpot functions as a courier company for lottery players by allowing them to purchase tickets online for all major games, including Powerball and MegaMillions, as well as in-state games such as Lotto Texas and Texas Two Step.
When purchased online, a Jackpot courier will physically buy the ticket from a Texas Lottery retailer and provide a scanned image of the ticket to the customer’s account. The courier will then store the ticket in a fireproof safe.
Claiming earning tickets
In the event of a winning ticket, two scenarios will take place. As per the Jackpot FAQ page:
“Prizes amounting to (and including) $599 will be directly deposited into your account balance, and we shall provide the physical ticket to you in the event of a big win ($600 or more) so that you can claim it directly from the state lottery.”
Players will be notified via email of their win if they miss the live drawing. In the event that a player wins a jackpot, they will be able to claim it anonymously; however, Jackpot does state that they may ask winners to participate in advertising marketing, which is optional.
Risk-free gaming routines in place
To make use of Jackpot, participants must first have their information verified by sending a copy of either a federal- or state-issued ID. Utility bills, bank statements, and tax documents can also be used to verify a player’s identity. These verifications ensure that all participants are at least 18 and currently reside in Texas. Verification takes between 24 and 72 hours.
Jackpot offers daily, weekly, and monthly deposit limits. For example, the maximum daily deposit limit is set at $150. This can be decreased by the player, but it does not appear that it can be adjusted up.
Voluntary self-exclusion and temporary pauses can be set up by the player as well. The site provides contact information for the National Council on Problem Gambling should players need to seek help.
Jackpot inside competition having Texas’ ings other on line courier company
While Texans may be wondering whether they’ve seen this name before, they’re a little way off. Another online lottery app, Jackpocket.com, which currently operates in Texas, functions in a very similar way to Jackpot.
The similarities between the two companies are not lost on Jackpocket either. In fact, Jackpocket, in September, took Jackpot to court in New York for trademark infringement. Jackpocket argued that Jackpot essentially rode the coattails of Jackpocket to enhance its business. They asked the court to force Jackpot to re-brand.
In late December, the court ruled against Jackpocket, allowing Jackpot to move forward with its launch. While Jackpocket is appealing the ruling, Jackpot is free to launch. Texas represents their first market or “beachhead state,” as their press release calls it.
Tyler is the Managing Editor of PlayTexas.com, covering sports, sports laws, and gambling for the Lone Star State. He also contributes on similar topics for PlayCA, PlayFlorida, PlayOhio, and PlayMA. Tyler’s current focus is Texas’s path to gaming legalization.
