Lottery ticket app Jackpocket has announced a new payment method for users to purchase Powerball tickets with their smartphones, with bitcoin.
Jackpocket made the announcement yesterday in the lead-up to its record-setting $1.5 billion Powerball jackpot. The jackpot is a full $600 million more than the previous record holder from March 2012 when ‘Mega Millions’ was drawn for a prize of $656 million.
Jackpocket was launched in 2015 and is lottery ticket purchasing app for several lotteries offered in the state of New York.
Stating that the goal is to “create a more efficient lottery platform” while announcing the addition of bitcoin as a payment service, Peter Sullivan, CEO of Jackpocket claimed to take a “bullish” approach to “cryptocurrencies and the blockchain in general.” He points to the cryptocurrency and its underlying technology as a means to help bring Jackpocket into the future.
In a Medium post, he stated:
Our goal at Jackpocket is to create a more efficient platform. This means reducing friction and providing more options for players…and ensuring the lottery itself