Lottery.com Inc., a technology company, operates mobile and online platforms for lottery games. It enables players and commercial partners located in the United States and internationally to remotely purchase legally sanctioned lottery games. The company is based in Spicewood, Texas.
IPO Year: 2023
Exchange: NASDAQ
Website: lottery.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/23/2021 | $14.00 | Buy | Chardan Capital Markets |
Chardan Capital Markets initiated coverage of Lottery.com with a rating of Buy and set a new price target of $14.00
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10-K - Lottery.com Inc. (0001673481) (Filer)
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AMSTERDAM, April 25, 2025 (GLOBE NEWSWIRE) -- Sports.com, the go-to platform for immersive sports content and fan engagement owned by Lottery.com Inc. (NASDAQ:LTRY, LTRYW)) ("Lottery.com" or the "Company"), is proud to announce its role as Headline Event Partner for Soccerex Europe 2025, taking place from May 19–21 at the iconic Johan Cruyff Arena in Amsterdam. Widely regarded as the premier global football business event, Soccerex brings together the most influential figures in the sport — including club executives, federation leaders, former players, investors, rights holders, and cutting-edge companies — for three days of high-level networking, content, and deal-making. Sports.com is al
FORT WORTH, Texas, April 23, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW)) ("Lottery.com" or the "Company") today provides an update on its two-year transformation, marking a new era of financial strength, operational momentum, and strategic expansion. Backed by $250 million in committed funding, fully Nasdaq-compliant, and generating strong market engagement, the Company now embarks on an aggressive buy-and-build strategy aimed at positioning the Company for success in both domestic and international markets. The April 2025 Annual General Meeting and Investors Lunch at Mar-a-Lago celebrated the close of Lottery.com's financial restructuring. Key Achievements: $150 Mil
FORT WORTH, Texas, April 11, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW)) ("Lottery.com" or the "Company" or the "Defendant"), a leading technology company in digital lottery and sports entertainment, today announced another significant legal victory on April 9, 2025 as the United States District Court for the Western District of Texas denied a motion for reconsideration brought by Yes Period, LLC. The case styled Yes Period, LLC d/b/a Serenity Software v. Lottery.com, Inc. d/b/a Sports.com Inc. d/b/a AutoLotto.com, Inc. (Case No. 1-23-CV-00616), originally dismissed without prejudice in November 2024, remains dismissed, marking the ninth lawsuit dismissed since the appo
LONDON, April 07, 2025 (GLOBE NEWSWIRE) -- Sports.com, a global leader in digital sports entertainment and a wholly-owned brand of Lottery.com Inc. (NASDAQ:LTRY, LTRYW)), has announced a partnership with Orange Middle East and Africa S.A. to provide sports video streaming and news content on Max it, Orange's revolutionary super-app. This collaboration marks a significant milestone in Sports.com's global growth strategy, offering millions of users across Africa and the Middle East access to premier sports content. Building on the success of its My Orange and Orange Money applications—used by over 22 million customers daily—Orange launched Max it, an innovative super-app designed to transfo
FORT WORTH, Texas, March 28, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW)) ("Lottery.com" or the "Company"), a leading technology company in digital lottery and sports entertainment, announces the following favorable judgements from the United States District Court for the Western District of Texas – Austin Division (the "Court"): The Court has ruled in favor of the Company granting with prejudice the Motion to Dismiss for Failure to State a Claim in the case styled Ryan Peterson v. Lottery.com, Inc. d/b/a Sports.com Inc. d/b/a AutoLotto.com, Inc. (Case No. 1-23-CV-646-RP). The final judgement was signed on March 27, 2025.The Court has ruled in favor of the Company gra
FORT WORTH, Texas, March 25, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW)) ("Lottery.com" or the "Company"), a leading technology company in digital lottery and sports entertainment, has announced the launch of Sports.com Studios ("SDCS"). SDCS will serve as the Company's dedicated content creation arm, producing original content for the Sports.com platform along with generating revenue through content licensing and distribution to third parties. The first original productions from SDCS are expected in the third quarter of 2025. Marc Bircham, Director of Sports.com and QPR legend, commented:"We have always envisioned Sports.com creating its own original content for a g
FORT WORTH, Texas, March 19, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW)) ("Lottery.com" or the "Company"), a leading technology company in digital lottery and sports entertainment, has completed the acquisition of Spektrum Ltd from PlusEvo Ltd through a signed Share Purchase Agreement (SPA) on March 13, 2025. This acquisition, valued at $1.5 million in common stock at $3 per share, supports Lottery.com's strategic expansion and the development of Lottery.com International. The acquisition provides the Company with a compliant platform to support lottery, sweepstakes and social gaming operations in dozens of international jurisdictions. Matthew McGahan, Chairman and CEO
FORT WORTH, Texas, March 07, 2025 (GLOBE NEWSWIRE) -- Yesterday, Lottery.com Inc. (NASDAQ:LTRY, LTRYW)) ("Lottery.com" or "the Company") received a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") determining that as a result of the closing bid price of the Company's common share being $1.00 or above for the last twenty business days, the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1) (the "Minimum Bid Price Requirement"). Notably, the Company regained compliance with the Minimum Bid Price Requirement without effectuating a reverse stock split. Additionally, as a result of the Company's market value of publicly held shares being $5,000,000 or above du
FORT WORTH, Texas, March 06, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW)) ("Lottery.com" or the "Company"), a leading technology company in digital lottery and sports entertainment, announces that it entered into a Stock Purchase Agreement with PlusEVO Ltd. to acquire its wholly-owned subsidiary, Spektrum Ltd in an all-stock transaction valued at $1.5 million (the "SPA"). In consideration of the acquisition, PlusEVO will receive 500,000 shares of the Company's restricted common stock over the course of 30-months valued at $3 per share. Completion of the acquisition provides the Company with ownership of the technology platform being used to support its international mark
FORT WORTH, Texas, March 05, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW)) ("Lottery.com" or the "Company"), a leading technology company in digital lottery and sports entertainment, has announced it is completing updates to its platform to support a variety of ad formats on Sports.com. This new revenue stream will leverage Sports.com, one of the world's most coveted sports domains, as a vehicle for brands with premium advertising and sponsorship opportunities to reach a highly valuable audience of sports consumers. Sports.com is recognized for its strong brand equity and credibility within the global sports industry. Through this initiative, brands will gain enhanced vi
FORT WORTH, Texas, April 23, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW)) ("Lottery.com" or the "Company") today provides an update on its two-year transformation, marking a new era of financial strength, operational momentum, and strategic expansion. Backed by $250 million in committed funding, fully Nasdaq-compliant, and generating strong market engagement, the Company now embarks on an aggressive buy-and-build strategy aimed at positioning the Company for success in both domestic and international markets. The April 2025 Annual General Meeting and Investors Lunch at Mar-a-Lago celebrated the close of Lottery.com's financial restructuring. Key Achievements: $150 Mil
FORT WORTH, Texas, April 11, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW)) ("Lottery.com" or the "Company" or the "Defendant"), a leading technology company in digital lottery and sports entertainment, today announced another significant legal victory on April 9, 2025 as the United States District Court for the Western District of Texas denied a motion for reconsideration brought by Yes Period, LLC. The case styled Yes Period, LLC d/b/a Serenity Software v. Lottery.com, Inc. d/b/a Sports.com Inc. d/b/a AutoLotto.com, Inc. (Case No. 1-23-CV-00616), originally dismissed without prejudice in November 2024, remains dismissed, marking the ninth lawsuit dismissed since the appo
FORT WORTH, Texas, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW)) ("Lottery.com" or the "Company"), a leading technology company in digital lottery and sports media & entertainment, announces the successful results of its annual shareholder meeting conducted today from the Mar-a-Lago Club in Palm Beach, Florida. The Company presented four proposals to the shareholders, all of which passed by a wide margin. One key decision facing shareholders was whether to authorize the Company's Board of Directors (the "Board") to effectuate a reverse stock split. The Board reviewed market conditions after the close of the US Market regular trading session today and unanimously
FORT WORTH, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW)) ("Lottery.com" or the "Company"), a leading technology company in digital lottery and sports entertainment, announces the establishment of a global advisory board (the "Advisory Board") to provide active strategic guidance and support the Company's growth, structure and expansion into new markets. The Advisory Board will focus on the Company's two primary brands, Lottery.com and Sports.com, along with its subsidiaries. As Lottery.com navigates complex opportunities for growth, the Advisory Board will offer steady leadership, bringing together industry leaders with deep experience in gaming, t
NEW YORK, May 13, 2024 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRY))), a leading technology company transforming how, where, and when lottery and sports media content is delivered, today announces a significant step to accelerate its global expansion efforts. Lottery.com has engaged Cohen & Company Capital Markets ("CCM"), a division of J.V.B. Financial Group, LLC, as its financial advisor to help oversee and structure its acquisition strategy. The Company's "buy and build" strategy is backed by the United Capital Investments Limited ("UCIL") $150 million loan facility with support from strategic investors, such as Prosperity Investment Management. Under the new agreement, eff
AUSTIN, Texas, April 22, 2024 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW))) ("Lottery.com" or the "Company"), a leading technology company in the lottery and gaming sector, is pleased to announce the nomination of Warren Macal to its Board of Directors. Macal will be seated as a director at the Company's next Board of Directors meeting following the successful completion of required background checks. Macal's nomination follows the December 2023 $18 million investment commitment from Prosperity Investment Management ("PIM"), subject to due diligence. The investment commitment by PIM is aimed at accelerating Lottery.com's strategic acquisitions and market development initi
AUSTIN, Texas, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW))) ("Lottery.com" or the "Company"), a leading online lottery services provider announces the strategic acquisition of S&MI Ltd. ("SportLocker"). As part of the acquisition, SportLocker, rebranded as Sports.com, will immediately launch as a premier platform for sports fans worldwide, marking a pivotal leap in Sports.com's evolution as the next-gen digital sports entertainment space. The platform merges innovative community-driven aspects with expansive content and technology, creating a new era of sports engagement. Details of Acquisition The stock-based acquisition is a significant step in Sports.com'
LONDON, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Sports.com, Inc. ("Sports.com" or the "Company"), a wholly owned subsidiary of Lottery.com, Inc. (NASDAQ:LTRY, LTRYW))) ("Lottery.com"), announces the appointment of Marc Bircham as its new Director and Head of Business Development. Bircham brings a wealth of knowledge and expertise to the team from a stellar career as both a professional football (soccer) player and coach, to his extensive experience in the sports media industry. The announcement was made in conjunction with ICE London 2024. Marc Bircham's appointment comes at a time when Sports.com is actively exploring a number of opportunities in football including potential club acquisitions,
AUSTIN, Texas, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Lottery.com, Inc. (NASDAQ:LTRY, LTRYW))) ("Lottery.com" or the "Company") names Christopher Anderson Gooding to its board of directors. His appointment is another important step in a new era of compliance with Nasdaq for the Company. Christopher Gooding brings decades of service at respected law firms, predominantly within the heart of London's financial district. His professional journey began as an Assistant Solicitor at Clifford Turner in London and Dubai, advancing to a 15-year tenure at Clyde & Co. A consummate legal strategist, he also served as a partner at LeBoeuf Lamb Greene & MacRae and Howard Kennedy. Notably, from 1999 to 2009,
AUSTIN, Texas, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Lottery.com, Inc. (NASDAQ:LTRY, LTRYW))) ("Lottery.com" or the "Company") announces the successful conclusion of its 2023 Annual Meeting of Stockholders (the "Meeting"), held in a virtual-only format. The Meeting yielded significant positive outcomes, instilling confidence in the Company's trajectory among investors and stakeholders with shareholders embracing the reverse stock split and showing overwhelming support for the Company's vision. After the Meeting, the Company's Board of Directors (the "Board") approved a final ratio of 20-for-1 for the reverse stock split (the "Split"), which was within the parameters approved by the shareholde
FORT WORTH, Texas, March 19, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW)) ("Lottery.com" or the "Company"), a leading technology company in digital lottery and sports entertainment, has completed the acquisition of Spektrum Ltd from PlusEvo Ltd through a signed Share Purchase Agreement (SPA) on March 13, 2025. This acquisition, valued at $1.5 million in common stock at $3 per share, supports Lottery.com's strategic expansion and the development of Lottery.com International. The acquisition provides the Company with a compliant platform to support lottery, sweepstakes and social gaming operations in dozens of international jurisdictions. Matthew McGahan, Chairman and CEO
FORT WORTH, Texas, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW))) ("Lottery.com" or the "Company"), a leading technology company in digital lottery and sports entertainment, is pleased to announce that the U.S. Securities and Exchange Commission ("SEC") has declared the Company's Form S-1 Registration Statement effective on October 16, 2024 ("Registration Statement") (File Number: 333-281925). Following the declaration, Matthew McGahan, Lottery.com Chairman and CEO, wrote an open letter to the Company's shareholders to address the Company's future and address accusations made again the Company and its directors and executives. McGahan wrote: Dear Shareholders,
First quarter 2022 revenue of $21.2 million, up $15.7 million from the prior-year period First quarter 2022 gross profit of $18.0 million, up $15.5 million from the prior-year period First quarter 2022 net loss of $15.8 million, Adjusted EBITDA of $7.7 million1 AUSTIN, Texas, May 16, 2022 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW))) ("Lottery.com" or the "Company"), a leading technology company that is transforming how, where and when the lottery is played, reported financial results for the first quarter ended March 31, 2022. Tony DiMatteo, Lottery.com Co-Founder and CEO, commented, "I'm pleased with our first quarter results and the team's continued focus on our core b
AUSTIN, Texas, May 02, 2022 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW))), a leading technology company that is transforming how, where and when the lottery is played, today announced that it will hold a conference call on Monday, May 16, 2022 at 8:30 a.m. ET to discuss its results for the first quarter ended March 31, 2022. A press release detailing these results will also be issued on May 16, 2022 prior to the conference call. A live webcast of the conference call will be available on the Investor Relations section of the Lottery.com website at https://ir.lottery.com. For those who cannot listen to the live webcast, a replay of the conference call will be available on the
Fourth quarter 2021 revenue of $21.5 million, up $18.2 million versus prior-year period Full year 2021 revenue of $68.5 million, an increase of $61.0 million versus 2020 Full year 2021 pro forma revenue of $70.5 million, including acquired interest in Mexican entities¹ Full year 2021 net loss of $9.3 million Full year 2021 Adjusted EBITDA of $31.1 million¹ AUSTIN, Texas, March 31, 2022 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW))) ("Lottery.com" or the "Company"), a leading technology company that is transforming how, where and when the lottery is played, reported financial results for the fourth quarter and full year ended December 31, 2021. On October 29, 2021, the Co
AUSTIN, Texas, March 15, 2022 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW))), a leading technology company that is transforming how, where and when the lottery is played, today announced that it will hold a conference call on Thursday, March 31, 2022 at 8:30 a.m. ET to discuss its results for the fourth quarter and full year ended December 31, 2021. A press release detailing these results will also be issued on March 31, 2022 prior to the conference call. A live webcast of the conference call will be available on the Investor Relations section of the Lottery.com website at https://ir.lottery.com. For those who cannot listen to the live webcast, a replay of the conference ca