The Jackpot Jaguars presented a formidable obstacle for the Sierra Lutheran boys basketball team last week as the Falcons sought to extend their dream season.Sierra Lutheran, which enjoyed unprecedented success on the hardwood this season, fell 56-44 to Jackpot in the first-round of the Northern Division IV Regional playoffs Thursday at Galena.The Jaguars raced out to a 14-6 first-quarter lead and never looked back.A 16-4 second quarter extended the lead to 30-10 by halftime and Jackpot cruised from there.Sierra Lutheran was stronger in the second half and outscored the Jaguars 20-10 in the final period.By then, though, it was too …