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Lottery.com Inc is a leading provider of domestic and international lottery products and services. The company offers a platform for remote purchase of legally sanctioned lottery games in the U.S. and abroad. Revenue is generated through the Lottery.com app and website, allowing remote purchase of lottery games. The recent software purchase agreement with WA.Technology marks a global expansion phase in Africa, the Pacific Region, Brazil, and parts of Latin America, enhancing Lottery.com's operations. This strategic partnership aims to grow the Lottery.com brand and revenue stream, leveraging WA.Technology's iGaming solutions.
Lottery.com has resumed ticket sales in Texas and partnered with International Gaming Alliance (IGA) to distribute Texas lottery tickets in the Dominican Republic. In its first week back in operation, Lottery.com supplied over 7 million tickets. The IGA agreement will enable official ticket sales through over 1,000 retail points in the Dominican Republic, with expected ticket supply starting in May 2023. CEO Mark Gustavson emphasized the company's recovery from a nine-month shutdown, tripled production capacity, and efforts to comply with Nasdaq Listing Rules. The company is enhancing its internal controls and looks forward to future growth opportunities.
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