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Jackpot

Disrupts the lottery industry, allowing customers to participate in global jackpots that are backed by an Insurance Linked Security structure


Funded

  • 60% Complete

Overview

Jackpot.com provides the customers an opportunity to enter lotteries that they normally wouldn’t be able to enter without visiting the country directly and purchasing a ticket. That all changes here where they can enter lotteries from all over the world without having to leave their home. 

MARKET OPPORTUNITY

Lottery is a $300B marketglobally (7.6% growth), while offline market dominates (95% share). 

Sales of state lotteries inUS reached $73.9B in 2015 (4% CAGR for last 6 years). European lotterymarket is $116B and Chinese is $55B and Russian $300M. 57% ofAmericans reported buying tickets in the last 12 months. 70% of population playlotteries in France, 40% in Finland, 29% in China and only 6% in Russia. Thereare 1-3 lotteries in each developed country, 2 all-European lotteries and 50state US lotteries. 

The main barrier is limitedaccess to global lotteries (due to regulation and offline sales). 

SOLUTION/PRODUCT

  • Users bet on lottery results for over 25 globallotteries.
  • Licensed byMalta Gaming Authority (MGA), UK Gambling Commission and the Republic ofIreland National Excise License Office.
  • Winnings are paid by issuing an ILS (InsuranceLinked Security).
  • Available anytime, anywhere on mobile and PC
  • Online lottery betting is not the same asbuying a physical lotto ticket. Instead, the customer places a bet on theoutcome of an official lottery, and this bet is managed by Jackpot.com. Anymoney that the customer wins is paid out by Jackpot.com directly.
  • 7 languages.