How can I webcast a live drawing session with Android? I just migrated from an iPad to a Nexus 7. One app that I used frequently was Jot. Basically it was a simple drawing app that allowed people to watch what I was drawing in real time on a webpage.

Is there a way to achieve something similar on Android?
To the date, No

The best you can get is to share your whiteboard through Wi-Fi. Go to goolge play store and search for whiteboard apps. You will find a plenty of great apps.

Hope this helps.