Prizeout, a cashout platform that works in ecommerce, retail and gaming to implement cash withdrawals as a form of business growth, has today announced it signing a partnership with Jackpocket.
Jackpocket is an app available in the US that provides a secure method of purchasing state lottery tickets. The partnership will see Jackpocket’s offering expand to allow users the opportunity to instantly withdraw their lottery winnings in the form of digital rewards.
The lottery ticket app is available in Arkansas, Colorado, Minnesota, New Hampshire, New Jersey, New York, Ohio, Oregon, Texas and Washington, DC. Per the agreement with Prizeout, players will now be able to cash out their lottery winnings as digital gift cards to be spent with well known brands.
“After our successful Series C fundraise, we have been able to reach significantly more players than ever before with an accessible and convenient lottery experience,” said Peter Sullivan, CEO and founder of Jackpocket. “By teaming up with Prizeout, we’re able to continue building the lottery of the future, bringing new payout solutions and optionality to our users and offering them the best mobile lottery platform available.”
Richard Blankenship, cofounder and chief revenue officer of Prizeout added: “Prizeout could not be happier about partnering with such an innovative company such as Jackpocket. Jackpocket has grown tremendously in such a short period of time, and we feel that together, we’ll be able to bring users more value for their money than ever before.”
Prizeout launched in 2019 and is headquartered in New York City.