Jackpocket founder Peter Sullivan is stepping back from his day-to-day role as senior vice president of lottery at DraftKings following the company’s acquisition by the operator.
Sullivan, the co-founder of the lottery game and ticket supplier, set the company up in 2013 and ultimately led it toward a $750m takeover by DraftKings in 2024.
DraftKings completed its acquisition of Jackpocket in 2024 and has made note of its continued influence on its earnings since then.
After spending two years integrating Jackpocket’s operations into DraftKings, Sullivan, who is moving into an advisory role, said he wants to spend more time with his family and explore new opportunities.
“After 13 incredible years building Jackpocket and helping bring it together with DraftKings, I’ve decided that the time has come for me to step away from my day-to-day operating role,” he said.
“What started in 2013 as an idea to modernise how people participate in the lottery became a journey beyond anything I could have imagined.
“Along the way, we built an amazing team, navigated countless challenges, expanded across the country, helped create millions of lottery winners, and ultimately joined forces with DraftKings to accelerate our vision on an even larger scale.
“I’m incredibly proud of what we’ve accomplished and deeply grateful to the employees, partners, investors, regulators, retailers and customers who believed in us along the way. Most importantly, I’m thankful for the teammates who dedicated years of their lives to building something special together.”
Advisory role for Sullivan
“As I transition into an advisory capacity, I’m excited to watch the next chapter unfold. I remain extremely bullish on the future of Lottery at DraftKings and the opportunity for its continued growth,” Sullivan added.
“Personally, I’m looking forward to spending more time with my family, pursuing new ventures and exploring other opportunities. While I’m excited for what’s ahead, I’ll always be proud of what we built and the impact we’ve made.”
