Company Launches Aggressive $250 Million Growth StrategyFORT 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 po ...

First U.S. Activation in Two Years Combines Charity, Sports, and High-Octane ExcitementFORT WORTH, Texas, April 22, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW), a leading technology company transforming how the world plays the lottery and engages with charitable sweepstakes, is proud to announce a major milestone: its first operational initiative combining charitable sweepstakes with Sports.com, a member of the Lottery.com family of brands. As part of this exciting activation, Lottery.co ...

MIAMI, April 21, 2025 (GLOBE NEWSWIRE) -- Donate To Win™, a donor driven sweepstakes solution from WinTogether.org, announces a sweepstakes to raise funds for the FIU Steven J. Green School of International & Public Affairs Student Success Fund through the Florida International University Foundation Inc. ("FIU Foundation"). The sweepstakes offers participants the unique opportunity to win a VIP prize package for the F1 2025 Miami Grand Prix held May 1-4. The sweepstakes is available at https://donateto.win ...

Company Operations - The Company ceased U.S. operations on July 29, 2022, resulting in no future revenues until operations resume, with approximately $3.94 million in outstanding payroll obligations remaining unpaid as of December 31, 2024[22][23]. - The company resumed limited operations of its U.S. B2B API Platform in April 2023, while the U.S. B2C Platform remains non-operational[68]. - The company anticipates relaunching its U.S. B2C Platform by summer 2025, initially on a limited geographic basis[78]. - The company aims to become a primary provider of U.S.-centric lottery products and services again, focusing on remote purchase platforms[67]. - The company plans to restore other business lines and projects, including supplying lottery tickets and monetizing Sports.com, assuming the success of its phased plan[80]. - The company has six employees and nine key contractors actively working to restore U.S. operations, along with six employees supporting international operations[102]. - The company may not be able to continue as a going concern in the U.S. due to insufficient financial resources to fund operations and pay obligations[122]. - The company needs to raise additional capital to support and restart U.S. operations, hire employees, and pay expenses, but such capital may not be available on commercially acceptable terms[125]. - The company has suspended significantly its U.S. operations since July 2022, leading to challenges in achieving profitability[157]. Financial Performance - The company experienced net losses of approximately $23.9 million for the year ended December 31, 2024, and accumulated a deficit of approximately $258.9 million as of the same date[157]. - As of the report date, the estimated cash balance of the company and subsidiaries is approximately $36.8 million[81]. - The company incurred significant costs related to internal investigations and restatements of financial statements, which may impact its ability to raise new capital in the future[114]. - The company has identified material weaknesses in its internal control over financial reporting, which have not been fully remediated as of December 31, 2024[130]. - The company may face significant delays in SEC filings due to ongoing investigations and remediation efforts related to internal control weaknesses[137]. - The company’s lack of liquidity may negatively impact relationships with partners, potentially affecting its ability to raise new capital[128]. Regulatory and Legal Risks - The company is currently subject to investigations and inquiries by the SEC and the U.S. Department of Justice, which could materially affect its reputation and financial condition[116]. - The company is subject to various evolving laws and regulations that may impact its operations, particularly regarding lottery and gaming laws[85]. - The company faces risks related to compliance with federal, state, and international laws, which could impose additional burdens and affect its business model[90]. - The company is required to secure licenses from regulatory authorities for market expansion, which may impose operational challenges and costs[92]. - The company has been named as a defendant in multiple lawsuits, including class action lawsuits, which could materially impact its business and financial condition[119]. - Proposed laws restricting online lottery sales could reduce revenues and increase operational costs[206]. - The interpretation of the Wire Act may have a material adverse effect on the company's operations if it extends to interstate or foreign commerce[209]. - The company must adapt its business model in each U.S. jurisdiction to comply with varying lottery laws, which may incur additional costs for licensing or registration[218]. Market and Competitive Landscape - The company faces intense competition in the global entertainment and gaming industries, which could harm its market share and financial results if it fails to compete effectively[139]. - The company faces intense competition in the lottery, online gaming, and sports betting industries, which may impact its market share and financial performance[141]. - The global video streaming market is expected to grow at a compound annual growth rate of 17.8%, reaching a value of $2.4 trillion by 2032[146]. - Since 2022, 25% of streaming subscribers have cancelled three or more services, indicating a trend that may negatively impact customer acquisition[146]. - Negative public perception of lottery games could harm the company's ability to attract and retain users, impacting revenue[149]. - The company faces risks related to product quality, market acceptance, and competition, which could affect sales and revenue[204]. Strategic Initiatives - The Company finalized an agreement to acquire S&MI Ltd. for a total purchase price of $1 million in restricted stock units, with payments scheduled over five installments[26]. - Sports.com launched the "Sports.com App" on March 7, 2024, aimed at connecting sports content with audiences globally[28]. - Sports.com obtained rights to live stream a heavyweight title fight on March 31, 2024, available for free to millions of viewers in Africa[29][30]. - The Company completed integration with Bango's Digital Vending Machine on August 14, 2024, targeting the launch of Sports.com in 40 markets, primarily in North America and Europe[32]. - A sponsorship agreement with Soccerex LLC was established on February 6, 2025, designating Sports.com as the title sponsor for Expositions in 2025 and 2026, with a payment of $300,000[43][44]. - The Company entered into a Stock Purchase Agreement with Generating Alpha Ltd. on November 21, 2024, allowing for the purchase of up to $100 million of common stock under specific terms[41]. - The Company filed a Form S-1 registration statement on April 11, 2025, to register shares for a Stock Purchase Agreement with Generating Alpha Ltd. for up to $100 million[46]. - The Company is registering the resale of up to 25,688,622 shares of common stock, including 20,000,000 shares from the Stock Purchase Agreement[48]. Operational Challenges - The company has identified risks that may adversely affect its business, financial condition, and results of operations, including legal proceedings and compliance issues[109]. - The company faces significant costs in developing new or upgraded offerings, which could adversely affect revenues if not successfully marketed[160]. - The company intends to leverage a variety of marketing channels, but increased costs or changes in search engine algorithms could hinder user acquisition efforts[150]. - The mobile and online lottery industry is subject to high uncertainty, and the company cannot ensure widespread acceptance of its product offerings[151]. - Seasonal fluctuations in lottery game purchasing may impact cash flows, with high jackpot opportunities potentially increasing revenues[163]. - Infrastructure expansion is necessary to meet growing user demands, but delays or issues could lead to increased costs and operational inefficiencies[186]. Compliance and Security - The company is committed to compliance with underage and responsible gambling regulations, with measures in place to prevent minors from using its services[96]. - Compliance with privacy laws is essential; failure to do so could result in penalties and damage to the company's reputation[194]. - Significant resources are devoted to network and data security, but vulnerabilities may still exist, leading to potential cyber-attacks and data breaches[184]. - The company relies on third-party technologies for compliance and payment processing, which may pose economic and regulatory risks[167]. Marketing and User Engagement - Brand development and reputation are critical for attracting and retaining users, and negative publicity could harm business results[168]. - Marketing efforts are essential for growth, but may become increasingly expensive and may not yield the expected return[173]. - High-quality user support is critical; failure to provide it could damage relationships with users and harm the company's reputation[182]. - Negative user experiences could result in decreased utilization of products and services, adversely affecting the company's financial condition[187].

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.c ...

Core Insights - Sports.com has partnered with Orange Middle East and Africa S.A. to provide sports video streaming and news content on Max it, enhancing its global growth strategy and offering access to premier sports content for millions in Africa and the Middle East [1][3][11] Group 1: Partnership and Strategy - The collaboration with Orange's Max it super-app marks a significant milestone for Sports.com, integrating sports content into a platform designed to transform digital engagement in the region [1][3] - Max it is designed to simplify daily life by integrating telecommunications, financial services, and e-commerce, and now includes Sports.com's offerings, providing users with live sports coverage and real-time updates [2][3] Group 2: Market Reach and User Engagement - The partnership aims to unlock access to top-tier sports programming for users in countries like Ivory Coast, Senegal, and Mali, meeting the demand for high-quality video experiences [4][5] - Orange anticipates that Max it will reach 45 million active users by the end of 2025, with smartphone adoption in the region projected to rise to 61% [6] Group 3: Content Offerings and Expansion - Sports.com now delivers content across more than 40 sports and live events globally, including major leagues and regional highlights, enhancing its position as a leader in localized sports content [8][9] - Recent strategic collaborations have expanded Sports.com's reach, including partnerships with telecom operators in South Africa and launches in multiple countries, aiming to connect large-scale audiences directly to its platform [7][10]

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. Lotter ...

Core Viewpoint - Lottery.com Inc. has launched Sports.com Studios to create original sports content, aiming to enhance fan engagement, drive revenue, and establish a unique brand identity in the sports entertainment sector [1][9]. Group 1: Fan Engagement and Loyalty - Sports.com Studios will produce exclusive behind-the-scenes footage, player interviews, and custom documentaries to deepen fan engagement and strengthen loyalty to the Sports.com brand [2]. - These initiatives are expected to generate new revenue streams through advertising, sponsorships, and pay-per-view content [2]. Group 2: Brand Differentiation - By offering exclusive sports content, Sports.com aims to establish a distinct identity in the sports entertainment market, driving viewership and enhancing subscription-based revenue [3]. Group 3: Monetization Opportunities - The launch of Sports.com Studios will create multiple revenue streams, including: - Tailored content for social media platforms to boost brand visibility and audience engagement [4]. - High-quality content that attracts brands for advertising and sponsorship opportunities [7]. - Subscription and pay-per-view models similar to successful platforms like Netflix and ESPN+ [7]. - Demand for team-related merchandise and memorabilia through original content [7]. Group 4: Data-Driven Content Strategy - Sports.com Studios will leverage audience insights to refine content strategies and optimize marketing efforts, enhancing the overall fan experience [5]. - The company is committed to user privacy and will implement data security protocols [5]. Group 5: Global Reach - SDCS will produce diverse content formats to appeal to a broad audience, including short-form videos and in-depth documentaries [6]. - The company has signed three global ambassadors to promote SDCS internationally [6].

Core Insights - Lottery.com has completed the acquisition of Spektrum Ltd for $1.5 million in common stock, valued at $3 per share, to enhance its international operations and support the development of Lottery.com International [1][2] - The acquisition is a strategic move aimed at establishing a compliant platform for lottery, sweepstakes, and social gaming operations across various international jurisdictions [1][2] - The company plans to focus on expanding its brand reach and revenue growth in Europe, Africa, and Asia as part of its broader international strategy for 2025 [2] Company Strategy - The acquisition is seen as a pivotal step in Lottery.com's goal to become a globally recognized brand, strengthening its proprietary technology and operational scalability [2] - This deal marks the first of several strategic initiatives planned for 2025, indicating a commitment to both domestic and international expansion [2] - The company aims to relaunch its ticket sales operations and unlock greater geographical revenue opportunities, ultimately delivering increased value to shareholders [2]

BOCA RATON, Fla., March 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, completed its First Quarter Executive Planning meetings on March 13. The multi-day event brought together the Company’s directors, executives, and advisors along with strategic partners to formalize short- and long-term plans. The outcome was a clear plan to shape the future of Lottery.com and Sports.com and a ...