(CBS News) – Big prizes typically drive a surge in lottery ticket sales, but one entrepreneur hopes to make those long lines at convenience stores disappear, with just a few finger taps, reports CBS News correspondent Anna Werner.
Peter Sullivan’s app, Jackpocket, launched this week, just in time for tonight’s $301 million Powerball drawing. It enables users to purchase a Powerball, Megamillions, and other lottery tickets. A Jackpot employee then fulfills those orders by physically buying the tickets.
Tickets are scanned and the user can see them on their phone. If a person wins over $600, their tickets are delivered to them so they can claim prizes in person. Smaller winnings are applied to their account.
The app is free to use, so it makes money by splitting commissions with stores where tickets are bought.