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.
Lottery.com (LTRY) delivers a technology-driven approach to lottery participation and digital sports engagement. This page serves as the definitive source for official company announcements, financial updates, and strategic developments. Investors and industry observers will find timely information on platform innovations, regulatory milestones, and market expansion efforts.
Our curated news collection provides insights into earnings reports, partnership announcements, and product enhancements across Lottery.com's digital ecosystem. The content spans both consumer-facing lottery services and B2B API solutions, reflecting the company's dual focus on user experience and commercial integrations. Regular updates ensure stakeholders stay informed about compliance achievements and international growth initiatives.
Bookmark this page for streamlined access to verified updates about Lottery.com's mobile platform advancements, Sports.com integrations, and technology infrastructure improvements. Check back frequently to monitor how the company continues to redefine digital lottery access while maintaining rigorous security standards across global markets.
Lottery.com (Nasdaq: LTRY) has entered into a Stock Purchase Agreement with PlusEVO to acquire Spektrum in an all-stock transaction valued at $1.5 million. The deal involves issuing 500,000 shares of restricted common stock over 30 months at $3 per share.
The acquisition provides Lottery.com ownership of a technology platform important for its international market expansion, particularly in European, African, and Asian territories. The platform will enable additional game play options beyond standard lottery, enhancing user engagement. This aligns with the Company's plans to launch and generate international revenue by March 31, 2025.
The proprietary technology acquisition aims to maximize operational efficiencies, enhance margins, and drive long-term value creation, supporting the Company's commitment to profitable global growth and near-term revenue generation.
Lottery.com (Nasdaq: LTRY) has announced the completion of platform updates to support advertising formats on Sports.com. The initiative aims to leverage the premium sports domain for advertising and sponsorship opportunities, targeting high-value sports consumers.
The platform will feature brand logos, marketing messages, and call-to-action campaigns across multiple advertising placements on the website and app. Following successful streaming of two professional boxing matches in 2024, Sports.com plans to integrate live event coverage in select markets.
Key statistics show that sports fans spend an average of 3.2 hours weekly watching sports content, with 55% of live sports viewership occurring on digital platforms in 2024, projected to reach 63% by 2027. The global sports industry generates over $100 billion annually in advertising and sponsorship revenue, presenting a significant opportunity for Sports.com to establish a new revenue stream within the Lottery.com portfolio.
Lottery.com (NASDAQ: LTRY) has announced its first revenue-generating international expansion, launching operations in European and Asian markets starting March 2025. The company is deploying its proprietary lottery technology platform across multiple countries, targeting significant market opportunities.
The expansion targets the European lottery market, valued at USD $118.75 billion in 2024 with an expected CAGR of 6.5% (2025-2030), and the Asian lottery market, projected to reach $5.10 billion in 2025 with a CAGR of 2.92% (2025-2029). The global lottery industry exceeds $300 billion annually.
The company's regional roll-out approach will be guided by jurisdictional gaming regulations, regional brand performance, competitive landscape, and consumer preferences. This strategic expansion aims to capture market share, build an active user database, and drive rapid revenue growth in high-potential regions.
Lottery.com (Nasdaq: LTRY) announces a significant legal victory as the United States District Court for the Southern District of Florida has dismissed all claims against the company and CEO Matthew McGahan with prejudice. The lawsuit, filed by Sharon A. McTurk and affiliated entities, alleged fraudulent misrepresentation, negligent misrepresentation, aiding and abetting, and conspiracy.
The plaintiffs had claimed they were promised company shares at below market price in exchange for financial backing. However, the Court found these allegations failed to meet basic legal standards. The dismissal with prejudice means the plaintiffs cannot refile the same claims.
McGahan expressed relief at the ruling, noting the case had diverted resources from the company's turnaround efforts and operations. The Chairman and CEO stated this vindication allows the company to refocus on building future value for shareholders.
Lottery.com (NASDAQ: LTRY) has successfully regained compliance with Nasdaq Listing Rule 5620(a) after holding its annual meeting on February 20, 2025. The company had previously received a non-compliance notice on January 10, 2025, but Nasdaq has now closed the matter.
The announcement comes with standard forward-looking statements disclaimers, highlighting various ongoing risks and uncertainties. These include challenges related to internal accounting controls, capital resources, going concern status, and maintaining Nasdaq listing requirements, including the Bid Price Requirement.
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.
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.
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.
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.
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.
