Online lottery ticket company Jackpot gets funding from top sports executives [CNBC]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: CNBC
The company has raised money from top sports executives, and NBA superstars James Harden and Joel Embiid and NHL great Martin Brodeur round out some of the big name investors. The platform hopes to attract a new, younger demographic. Online lottery ticket company Jackpot announced Wednesday that it closed on $35 million in series A funding, led by some of the biggest names in sports who see the promising growth potential in digital lottery sales. The cash infusion could enable Jackpot to start rolling out its website and app later this year in select locations where online lottery ticket sales are allowed. For example, the company said it could operate in states including New York, New Jersey, Texas, Ohio and Oregon. Funding for the round was led by Accomplice , a venture capital firm co-founded by DraftKings board member Ryan Moore and Courtside Ventures, an early-stage investor in sports, digital media, fitness and gaming businesses. Also among the investors: the Kraft Grou
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