Megapot raises $5 million in funding, led by Dragonfly, with the aim of reshaping the global online lottery industry.

The desire to get rich is a universal human trait, but massive jackpots are not readily available. Most lotteries are limited to a single state or country, which restricts their prize size. To address this, Megapot is building a global lottery that people in most countries can participate through their mobile phones. Our inaugural lottery jackpot exceeded $1 million, placing it among the world's largest lotteries by jackpot size.

Today, we are officially announcing that Megapot has completed a $5 million Pre-seed funding round led by Dragonfly, with participation from Coinbase Ventures, Bankless Ventures, and the founders of global gaming brands FanDuel, Betfair, Flutter, and MyPrize.

Megapot was originally an experiment I launched to test the feasibility of online lotteries. Subsequently, when people from all over the world...

As players from various countries began to flock to the lottery and the jackpot continued to accumulate, I realized that the existing lottery was still too localized, and I began to believe that a much grander future lay within it.

Megapot's long-term vision is that the internet will eventually converge into a single global lottery, a daily ritual where millions of people stop at the same time to check their phones and see who has just become a billionaire. Our team was inspired by viral everyday games like Wordle and HQ Trivia.

One of our players, John B, has been playing Megapot for 30 consecutive days in Nigeria, where there is no national lottery. He started playing because he wanted to gain wealth that could change his life, and he continues to play because it is very easy to operate via mobile phone.

While some players play daily, others strike it lucky immediately. One first-time participant, who requested anonymity, won $207,076, calling it "absolutely legendary." Since 2024, Megapot has attracted players from 124 countries and produced 19 jackpot winners.

Today, we are launching a global lottery that will completely reshape the internet age. Our team includes former employees from Uniswap, PoolTogether, Microsoft, and BuzzFeed. This funding will help us expand Megapot globally, launch entirely new gaming experiences, and make it easier for developers and distribution partners to build on it.

Head over to megapot.io now to join the game.