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Lottery Com - LTRY STOCK NEWS

Welcome to our dedicated page for Lottery Com news (Ticker: LTRY), a resource for investors and traders seeking the latest updates and insights on Lottery Com stock.

Company Overview

Lottery.com (LTRY) stands as a transformative technology company that is reinventing lottery and digital sports entertainment. By combining cutting-edge mobile technology with a secure, user-friendly platform, Lottery.com enables the remote purchase of legally sanctioned lottery tickets and offers an innovative digital sports experience. The company has established itself in both domestic and international markets, catering to users who seek convenience and reliability in playing lottery games as well as engaging with sports content.

Core Business and Value Proposition

At its core, Lottery.com provides a comprehensive digital lottery solution that allows users to participate in lottery games through its proprietary platform, available on mobile apps and websites. The system is engineered for security, scalability, and regulatory compliance, ensuring that tickets are never lost and jackpots are never missed. With a robust API, the company also offers business-to-business services, enabling commercial partners to integrate lottery functionalities seamlessly, which underscores its diversified revenue model without relying on time-sensitive data.

Advanced Technology and Platform Innovation

The technology behind Lottery.com is built on modern architectures such as microservices, event-driven frameworks, and secure data protocols. This approach ensures high availability and operational efficiency across diverse markets. The company’s investment in proprietary technology not only minimizes reliance on third-party systems but also permits rapid localization and market-specific customizations, highlighting a strategic commitment to both user experience and digital innovation.

Integration with Digital Sports Entertainment

Lottery.com is uniquely positioned at the intersection of lottery services and digital sports entertainment through its association with Sports.com. This strategic integration allows Lottery.com to leverage comprehensive sports content libraries that cover a wide range of sports, from football to motorsports, enhancing user engagement. With partnerships across global markets, the company delivers localized and immersive sports content that enriches the overall digital entertainment experience without compromising on security or compliance.

Market Position and Competitive Landscape

Within the competitive digital lottery and sports media sector, Lottery.com distinguishes itself by merging a secure lottery purchasing platform with a dynamic sports content offering. The company’s strategy to innovate and expand its technological infrastructure gives it a competitive edge over traditional lottery providers. By continuously evolving its platform and expanding its market presence internationally, Lottery.com addresses both the challenges and opportunities of a rapidly evolving digital control environment.

Operational Excellence and Regulatory Compliance

Lottery.com remains committed to delivering reliable and compliant services in every jurisdiction it operates. Its robust internal controls, adherence to regulatory standards, and a transparent operational ethos build trust among users and partners alike. Through rigorous testing and continuous technological updates, the company ensures that every transaction meets legal and security requirements, reinforcing its reputation as a trustworthy independent lottery service provider.

Long-Term Relevance and Strategic Growth

The company’s focus on technology, integrated digital sports entertainment, and market adaptability ensures that its services remain relevant over the long term. Each facet of its platform—from the intuitive mobile interface for lottery play to the comprehensive API integration for business partners—has been thoughtfully designed to support sustainable user growth. Lottery.com’s holistic approach creates a self-reinforcing ecosystem, where continuous improvements in one area facilitate excellence across its entire business model.

Overall, Lottery.com’s expertise in merging digital lottery operations with innovative sports entertainment solutions positions it as a unique technology provider in a global marketplace, offering a secure, engaging, and regulatory-compliant user experience.

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Lottery.com (NASDAQ: LTRY) held its annual shareholder meeting at Mar-a-Lago Club in Palm Beach, Florida, where all four proposals received strong approval from shareholders. The Board of Directors made a significant decision to not proceed with a reverse stock split after reviewing market conditions following the regular trading session.

Shareholders approved key proposals including the election of Paul Jordan as Class II Board director and the ratification of Boladale Lawal & Co as the company's independent registered public accounting firm for fiscal year 2024. Chairman and CEO Matthew McGahan expressed satisfaction with the shareholders' support of the company's vision for Lottery.com and Sports.com. The company will file a Form 8-K with complete results within four business days.

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Lottery.com (NASDAQ: LTRY) held its annual shareholders meeting at Mar-a-Lago Club in Palm Beach, Florida, followed by an exclusive VIP investor luncheon. The company reported receiving strong shareholder support in voting, with official results expected after market close. The event featured key executives including Matthew McGahn (Chairman and CEO), Gregory Potts (COO), and Marc Bircham (Director of Sports.com and Head of Football Acquisitions).

The VIP luncheon provided selected investors direct engagement with company leadership to discuss investment opportunities in both Lottery.com and its affiliated platform, Sports.com. The event focused on presenting the company's vision, strategic direction, upcoming initiatives, and expansion plans for both brands.

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Sports.com, owned by Lottery.com (NASDAQ: LTRY), has announced a multi-year partnership as the official title sponsor of Soccerex for the next 24 months. The partnership includes support for six major Soccerex events worldwide, with key events in Cairo, Amsterdam, and Miami in 2025.

The first event kicks off February 23 in Cairo, featuring Marc Bircham, Director and Head of Football Acquisition at Sports.com, and Tamer Hassan, Director at Lottery.com. They will host a Q&A session at the Soccerex Sports Expo, sharing insights on the global soccer industry.

Following Cairo, events will be held at Amsterdam's Johan Cruyff Arena in May 2025 and Miami's Hard Rock Hotel Resort in Fort Lauderdale in November 2025. Sports.com will host private events featuring Premier League coaches and international sports figures, with a focus on motorsports.

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Lottery.com (NASDAQ: LTRY) has established a global advisory board to provide strategic guidance and support the company's growth initiatives. The Advisory Board will focus on the company's primary brands, Lottery.com and Sports.com, offering expertise in gaming, technology, operations, media, compliance, and private equity.

The board includes Chairman Cary S. Fitchey from British Pacific Partners, who has raised over $2 billion in investments, along with members Ashleigh Barry, Damien Lipman, and Sam Verma, bringing diverse expertise in strategic communications, payment solutions, and gaming technology.

This development follows the SEC's Notice of Effectiveness for the company's S-1 last quarter. The Advisory Board will help expand the Lottery.com brand in markets supporting lottery and sweepstakes games, targeting the global lottery market valued at approximately $335 billion in 2023.

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Lottery.com (NASDAQ: LTRY) has entered into a Memorandum of Understanding with PlusEVO to acquire an advanced lottery management system and gaming platform for $1.5 million in stock, payable over 30 months at a share value of $3. The acquisition strengthens the company's international expansion efforts and aligns with its plan to launch international operations by March 31, 2025.

The newly acquired platform features microservices architecture, ensuring high availability and scalability. It includes enhanced security protocols, dedicated database operations, and event-driven workflows powered by Kafka logic. By owning its proprietary technology stack, Lottery.com aims to maximize operational efficiencies, enhance margins, and accelerate expansion into Europe, Africa, and other emerging markets without relying on third-party licensing agreements.

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Sports.com, a brand of Lottery.com (NASDAQ: LTRY), has entered into a multi-year global partnership with Soccerex, the world's leading football business event organizer. The agreement makes Sports.com the title sponsor for six global events, including Soccerex 2025 in Cairo, Amsterdam, and Miami.

The partnership aims to provide Sports.com with a platform to engage with key stakeholders in the football industry while building brand awareness for its gaming, content, and entertainment brands. Sports.com is also exploring the potential acquisition of a UK football club, with Marc Bircham, Sports.com Director and Head of Football Acquisitions, leading the initiative.

Soccerex has a nearly three-decade history of connecting clubs, leagues, federations, investors, sponsors, and media, having partnered with major organizations like LALIGA, Serie A, and Major League Soccer.

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Lottery.com (NASDAQ: LTRY) has announced the launch of its international lottery operations, targeting revenue generation by the end of March. The company has invested in a customized technology platform designed to provide an intuitive and secure experience for international users.

The expansion focuses on markets in Europe and Africa, along with other emerging global markets. Lottery.com has secured agreements with marketing and affiliate partners in the gaming space to accelerate customer acquisition and plans to collaborate with local players to generate revenue opportunities.

The company has developed its platform to accommodate local preferences and regulatory requirements across different markets. According to Chairman Matthew McGahan, this launch marks a new chapter for Lottery.com after a two-year turnaround period. Future plans include the domestic relaunch of the Lottery.com brand and the introduction of Sports.com to new markets, including the US.

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Lottery.com received a notice from Nasdaq on November 20, 2024, regarding non-compliance with Nasdaq Listing Rule 5250(c)(1) due to failing to file its Form 10-Q for the period ended September 30, 2024, on time. The company has 60 days to submit a compliance plan to Nasdaq, which may grant an extension until May 19, 2025, to regain compliance. Lottery.com intends to file the Form 10-Q as soon as possible, though no specific timing is assured.

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Lottery.com Inc. (NASDAQ: LTRY; LTRYW) announced that the SEC has declared its Form S-1 Registration Statement effective on October 16, 2024. Chairman and CEO Matthew McGahan addressed shareholders in an open letter, highlighting the company's turnaround efforts since October 2022. The letter outlines:

1. Overcoming challenges including regulatory investigations, Nasdaq delisting issues, and critical working capital shortages.
2. Implementing a new management team and board with turnaround experience.
3. Addressing attacks on the company and its leadership, including reporting suspected stock tampering to authorities.
4. Future plans for Lottery.com expansion in the U.S. and globally, introducing a new model combining sports, lottery, and sweepstakes.
5. Sports.com evolution, including the acquisition of S&MI and plans for U.S. and international expansion.
6. Financial outlook, including new funding partners and a 'buy and build' strategy using common stock for acquisitions.

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Lottery.com Inc. (NASDAQ: LTRY; LTRYW) announces that the SEC has declared its Form S-1 Registration Statement effective on October 16, 2024. This marks a significant milestone in the company's turnaround efforts, which began in late 2022. The Registration Statement allows for the resale of covered securities and provides for an offering of up to 50 million shares of Common Stock at $3.00 per share.

Key strategic initiatives include:

  • Lottery.com Expansion: Plans to operationalize US operations across multiple states by the end of 2025 and introduce a new gaming model internationally in 2025.
  • Sports.com Growth: Rollout of the newly acquired Sports.com platform in the U.S., Europe, and the Middle East by mid-2025.

The company is pursuing a "buy and build" growth strategy, using its common stock as primary consideration for acquisitions. Matthew McGahan, Chairman of Lottery.com, expressed confidence in the company's future plans and potential for creating significant value for shareholders.

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FAQ

What is the current stock price of Lottery Com (LTRY)?

The current stock price of Lottery Com (LTRY) is $0.8962 as of April 4, 2025.

What is the market cap of Lottery Com (LTRY)?

The market cap of Lottery Com (LTRY) is approximately 11.0M.

What is the primary service provided by Lottery.com?

Lottery.com offers a digital platform for the remote purchase of legally sanctioned lottery tickets, providing a secure and user-friendly experience. The service is available via mobile apps and websites, ensuring accessibility and convenience for users.

How does Lottery.com ensure the security of lottery transactions?

The company employs advanced technology, including microservices architecture and secure data protocols, to safeguard each transaction. These systems ensure data integrity, regulatory compliance, and protection against unauthorized activities.

What role does technology play in Lottery.com's business model?

Technology is at the heart of Lottery.com's operations, enabling innovative features such as mobile ticket purchases, real-time result tracking, and an extensive API for business partners. The platform’s design focuses on scalability, security, and adaptability to diverse market regulations.

How is Sports.com integrated with Lottery.com?

Sports.com is an affiliated digital sports entertainment brand under Lottery.com. It enhances user engagement by offering a comprehensive sports content library and live event coverage, thereby complementing the lottery services with engaging digital sports experiences.

What makes Lottery.com distinct within the digital lottery space?

Lottery.com's integration of advanced technology for secure lottery transactions, combined with its unique digital sports entertainment offerings, differentiates it from traditional lottery providers. Its proprietary platform and commitment to regulatory compliance further strengthen its market position.

How does Lottery.com accommodate international markets?

Through its scalable and flexible platform, Lottery.com supports multiple jurisdictions by adhering to legal and regulatory requirements. Its localized approach, enabled by proprietary technology, ensures that the user experience is optimized for each specific market.

Who are the primary customers of Lottery.com?

Lottery.com caters to individual lottery players seeking a secure and convenient way to engage in lottery draw participation as well as commercial partners looking for robust API services to integrate lottery functionalities into their platforms.

What competitive advantages does Lottery.com hold in the market?

The company’s strategic focus on technological innovation, secure transaction processes, and integrated digital sports content delivers a comprehensive and immersive user experience. This alignment of lottery services with sports entertainment creates a distinctive market offering backed by sound regulatory adherence.
Lottery Com

Nasdaq:LTRY

LTRY Rankings

LTRY Stock Data

10.99M
9.12M
25.32%
3.61%
9.92%
Gambling
Services-prepackaged Software
Link
United States
FT. WORTH