Opinion: What does DraftKings’ entry mean for the future of ilottery?

Opinion: What does DraftKings’ entry mean for the future of ilottery?

Article brief provided by Lottery Geeks
  • Brett Smiley, Lottery Geeks
February 29, 2024 2:12 PM
  • Brett Smiley, Lottery Geeks

Boston-based DraftKings Inc. has reigned in the U.S. since 2018 as a market leader in legal online sports betting and igaming, but up until very recently its fiefdom did not address one of the biggest pools of gambling in the country – the lottery.

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That changed on Feb. 15 with DraftKings’ announcement of its impending $750 million acquisition of Jackpocket, Inc., a company that’s grown assiduously since 2013 into the leading third-party lottery courier technology innovator.

The acquisition presents some interesting questions for DraftKings, Jackpocket, competitors of both, and soon administrators and regulators in the 18-and-counting jurisdictions where Jackpocket currently operates in cooperation with state-run lottery agencies.