Lottery courier app Jackpot.com has secured a multi-million dollar credit financing agreement to support launches into new states.
The company’s ambitions come amidst a general review of lottery courier regulations across the US, a process which stepped up significantly in 2025.
Funds have been provided by House Advantage Fund, a user finance acquisition arm of a Las Vegas-based growth capital investment fund Discerning Capital, and Singapore financial services firm PvX Capital.
The credit financing agreement stands at $10m, and will be leveraged by Jackpot.com to support its consolidation in existing US states and expansion into new ones.
Akshay Khanna, CEO and Co-Founder of Jackpot.com, said: “We were impressed by HAF’s flexibility and willingness to collaborate with us to design a financing solution tailored to our needs.
“Real-time insights from PvX’s custom-built platform, combined with Discerning’s ability to structure a flexible solution that supports our acquisition strategy were critical factors in our decision. We look forward to partnering and growing with them as we continue to rapidly scale the business.”
Jackpot.com is active in eight US states, Arkansas, Arizona, Colorado, Massachusetts, New Jersey, Ohio and Texas, having just launched in Arizona early last month.
The company is one of the biggest lottery courier apps in the US, alongside Jackpocket.com, Lottery.com and Lotto.com, which have all grown considerably across the US as demand for digital purchases of lottery services has grown.
Lottery couriers are facing mounting challenges, however. A long-running investigation into allegations of corruption in the Texas lottery system last year cast the services in a bad light, for example.
Against this backdrop, some states like Oregon and New Jersey have moved to better regulate lottery couriers, and in the midst of the Texas case last year some state legislators even looked at banning couriers outright.
Meanwhile, some state lotteries are becoming increasingly digitised, potentially threatening the lottery courier business model of providing an app-based means for customers to pay for physical lottery tickets.
This does not seem to be deterring investor interest, however, with the likes of Discerning Capital seemingly viewing investment in couriers as a way to gain an inroad into the multi-billion dollar US lottery market.
David Williams, Partner at Discerning Capital, added: “The lottery sector represents a massive, yet under-digitized market within gaming, and companies like Jackpot.com are leading the charge in bringing this century-old industry into the mobile age.
“Traditional financing approaches often fall short for businesses navigating complex regulatory landscapes while pursuing aggressive growth. Jackpot.com was the perfect partner for us as we understand their business, it peaks around billion-dollar jackpots, and we have continued to be impressed by their team.”