Lottery.com announces strategic expansion and funding

Published 23/04/2025, 18:22
Lottery.com announces strategic expansion and funding

FORT WORTH, Texas - Lottery.com Inc. (NASDAQ: LTRY, LTRYW), a technology company specializing in lottery and sports content with a current market capitalization of $15.08 million, has unveiled a strategic growth plan following a two-year transformation period. According to InvestingPro analysis, the company’s shares are currently trading below their Fair Value, suggesting potential upside for investors despite its weak financial health score. The company has secured $250 million in committed funding and achieved full Nasdaq compliance, setting the stage for an aggressive buy-and-build strategy aimed at expanding its domestic and international market presence.

The company’s recent Annual General Meeting and Investors Lunch celebrated the successful completion of its financial restructuring. Notable achievements include a $150 million commitment from United Capital Investments London for global expansion and a $100 million committed stock purchase agreement with Generating Alpha to support acquisitions and technology scaling. InvestingPro data reveals the company’s aggressive growth trajectory, with revenue surging 190.77% in the last twelve months, though maintaining a modest gross profit margin of 7.6%.

Lottery.com has also launched the Sports.com website and mobile app and acquired Spektrum Ltd. to bolster its international technology capabilities. A strategic partnership with telecom giant Orange will enable streaming of Sports.com content across Africa and the Middle East.

In March 2025, Lottery.com’s stock surged 816%, with over one billion shares traded, reflecting strong market confidence. The company attributes this success to the resolution of corporate matters, Nasdaq compliance, and the settlement of legacy legal cases. This momentum has continued, with InvestingPro showing a 76.46% price return over the past six months and an 8.93% gain in the past week alone. Discover 10+ additional exclusive insights about LTRY with an InvestingPro subscription.

As part of its expansion strategy, Lottery.com has announced the creation of Sports.com Studios, which will produce live-streaming and original content to drive social media engagement. The company is also exploring partnerships and acquisitions in sports technology, live events, and gaming sectors.

Matthew McGahan, Chairman and CEO of Lottery.com, expressed confidence in the company’s direction, emphasizing the focus on revenue generation and shareholder value. With the next earnings report scheduled for May 15, 2025, investors will be watching closely to see if the company can maintain its growth trajectory. The company has distanced itself from past issues and is now fully focused on operational execution.

Lottery.com has undergone significant leadership changes since 2023, including a new C-suite, a restructured Board of Directors, and the formation of a strategic Advisory Board. These changes have helped the company overcome challenges and position itself for future growth.

The information in this article is based on a press release statement from Lottery.com Inc.

In other recent news, Lottery.com Inc. has regained compliance with Nasdaq’s listing requirements, successfully maintaining a closing bid price of $1.00 or above for twenty consecutive business days and keeping its market value of publicly held shares at or above $5,000,000. This development marks a significant turnaround for the company, allowing it to remain listed on the Nasdaq Stock Market. In another strategic move, Lottery.com has acquired Spektrum Ltd in an all-stock deal valued at $1.5 million. This acquisition is expected to bolster the company’s international market presence and support revenue growth plans by introducing new types of gameplay. Additionally, Lottery.com opted against implementing a reverse stock split despite shareholder approval, reflecting responsiveness to current market conditions. Meanwhile, Sports.com, owned by Lottery.com, has announced a partnership with Orange Middle East and Africa to provide sports streaming and news content via Orange’s Max it app. This collaboration aims to expand Sports.com’s reach across Africa and the Middle East, offering a diverse range of sports content to millions of users. These recent developments highlight Lottery.com’s efforts to stabilize operations and pursue growth initiatives.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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