Core Viewpoint - Lottery.com Inc. has successfully dismissed a lawsuit filed against it, indicating a lack of evidence for the allegations made [1][2][3] Group 1: Lawsuit Details - The lawsuit was filed by Dawn Nettles in the 333 District Court in Harris County, Texas, and later moved to Business Court Division 11a, containing unfounded allegations against Lottery.com's operations [2] - The notice of dismissal was filed on May 30, 2025, under Texas Rule of Civil Procedure 162, terminating the case immediately [1][2] Group 2: Company Response - Gregory Potts, the Chief Operating Officer of Lottery.com, emphasized the company's commitment to fair and transparent operations, aligning with Nettles' advocacy [3] - The dismissal of the lawsuit is seen as a positive step towards rebuilding investor confidence and focusing resources on enhancing shareholder value [3] Group 3: Company Overview - Lottery.com Inc. operates a unified ecosystem that integrates gaming, entertainment, and sports through its brands, including Sports.com, Tinbu, and WinTogether [4]

Core Insights - Lottery.com and Sports.com achieved significant milestones during the Detroit Grand Prix, showcasing their drivers' resilience and performance in both the NTT INDYCAR SERIES and INDY NXT by Firestone [2][10] Driver Performance - Sebastian Murray secured his best career finish in INDY NXT with a P6, marking his first top-10 finish in the series after a strong qualifying performance and a determined race despite sustaining slight damage [3][4] - Louis Foster demonstrated his potential by leading laps in the NTT INDYCAR SERIES before a suspension failure caused a crash at high speed, though he emerged uninjured [5][6][7] - Callum Ilott showed competitive pace throughout the weekend but faced an unfortunate incident due to a loose wheel during a pit stop, ending his race prematurely [8][9] Future Outlook - The drivers are preparing for the upcoming oval race at World Wide Technology Raceway, with Foster having a strong track record in oval events from the previous season [9][10] - The company expressed optimism about the future, highlighting the brand exposure gained during the event and the promising performances of their drivers [11]

Core Viewpoint - Lottery.com Inc. and Sports.com are enhancing their brand visibility through sponsorship of three drivers in the INDYCAR SERIES and INDY NXT, aiming to build long-term equity in sports and entertainment sectors [1][10][11] Sponsorship Details - The sponsorship includes Callum Ilott, who will prominently display the Lottery.com logo on his helmet for the remainder of the 2025 season after a strong performance at the Indianapolis 500 [3][4] - Louis Foster, who earned Top Rookie Honors at the Indy 500, will showcase Sports.com branding on his car, reflecting the company's commitment to supporting elite racing talent [6][7] - Sebastian Murray, the youngest driver in the INDY NXT series, will carry Lottery.com branding on his vehicle, symbolizing the company's focus on emerging motorsport talent [8][9] Strategic Importance - The sponsorship is viewed as a movement towards building global brand recognition and enhancing fan engagement in one of the most watched racing series [10][11] - The partnerships are expected to signal to shareholders that the company is making strides to increase the value of its premium brand assets [11]

Core Insights - Lottery.com Inc. has received effective registration for its Form S-1, enabling access to a $100 million financing facility to support its growth strategy [1][2] - The company has undergone a significant turnaround, with new leadership restructuring the board and executive team, addressing compliance issues, and establishing innovative business models [2][3] - The CEO stated that the company is now operationally ready and strategically funded to pursue aggressive growth, focusing on revenue generation and asset acquisition [3] Financial Strategy - The financing facility will be used to accelerate revenue growth and acquire assets in gaming, content, media, and live events, with several negotiations already in late stages [4] - The company aims to enhance its balance sheet and income statement through cash-generative acquisitions, marking a disciplined growth phase [4] Five-Year Vision - Lottery.com plans to expand internationally, launch new sweepstakes products, deepen its affiliate program, and build a content and IP ecosystem under Sports.com Studios [4] - The funding from the financing facility and continued support from United Capital Investments Ltd. will underpin these initiatives [4] Market Performance - Following the announcement, Lottery.com's stock surged from $0.70 to a high of $2.64, with over 275 million shares traded [2]

Core Insights - The performance of Louis Foster as the Top Rookie finisher at the 109th Indianapolis 500 highlights the growing presence of Sports.com and Lottery.com in global motorsport [1][2][3] Company Performance - Louis Foster drove the 45 Desnuda Honda for Rahal Letterman Lanigan Racing, starting from 20th position and finishing in provisional 15th place, later elevated to 12th after disqualifications of three competitors [2] - Foster's achievement as the only rookie finisher among four starters emphasizes his talent and maturity [2] Brand Representation - Foster's helmet featured the Sports.com logo, indicating the brand's investment in next-generation talent [3] - The weekend provided opportunities for executives from Lottery.com and Sports.com to engage with rising Indy NXT star Sebastian Murray, reinforcing the commitment to support future champions [5] Sponsorship and Collaboration - Leadership from Lottery.com and Sports.com held discussions with management teams of Foster and Ilott to explore deeper sponsorship agreements and collaboration opportunities for future races [6] - The company recorded nearly half a billion shares traded recently, indicating growing momentum and visibility in elite global sports platforms [6]

Core Insights - Lottery.com and Sports.com have launched a historic dual sponsorship at the Indianapolis 500, marking their motorsport debut in the NTT IndyCar Series [1][3] - The sponsorship features drivers Callum Ilott for Lottery.com and Louis Foster for Sports.com, aiming to enhance brand visibility to over 510,000 live fans and 300 million global viewers [2][6] - This initiative is part of a broader strategy to elevate both brands in digital gaming, live entertainment, and sports media, with plans for future growth and partnerships [7] Company Strategy - The dual sponsorship is seen as a global brand relaunch for Lottery.com and a significant entry for Sports.com into the motorsport arena [3][4] - The partnership with Callum Ilott includes a 12-race sponsorship agreement for the remainder of the 2025 IndyCar season, emphasizing long-term collaboration [4][5] - Sports.com is also sponsoring Louis Foster, highlighting its commitment to emerging talent and potential for future partnerships [6] Brand Positioning - The sponsorship is positioned as a high-impact branding opportunity, showcasing both companies on a prestigious platform like the Indy 500 [3][5] - The collaboration aims to create sustainable shareholder value through increased brand awareness and strategic marketing initiatives [7]

Core Insights - Sports.com has entered a high-visibility partnership with Louis Foster, the 2024 Indy NXT Champion, ahead of his debut in the 2025 Indy 500, enhancing the brand's presence in global motorsport [1][2][4] Group 1: Partnership Details - Louis Foster will drive the No. 45 car for Rahal Letterman Lanigan Racing in his first full season in the NTT INDYCAR Series, having previously won multiple titles on the Road to Indy ladder [2][3] - The Sports.com-branded helmet will be prominently featured during the 109th Running of the Indianapolis 500, increasing brand visibility [3][4] Group 2: Strategic Goals - The partnership aims to deliver high-impact exposure, enhance international brand recognition, and drive long-term shareholder value [4] - This sponsorship aligns with Sports.com's broader mission to accelerate fan engagement and expand its commercial footprint through multi-channel revenue strategies [6] Group 3: Leadership Insights - The CEO of Lottery.com and Sports.com expressed pride in supporting Foster and emphasized the importance of showcasing the brand on a historic stage like the Indy 500 [5] - Louis Foster highlighted the innovative approach of Sports.com in engaging fans and disrupting traditional sports media [7] Group 4: Performance Metrics - At just 21 years old, Foster has achieved 40 career wins and 88 podiums across 189 races, indicating his elite skill and future potential in global racing [5]

Financial Performance - Total revenue for the three months ended March 31, 2025, was $223,849, a decrease of 13.7% compared to $259,319 in the same period of 2024[18]. - Gross profit for Q1 2025 was $61,381, down 65% from $175,532 in Q1 2024[18]. - Operating expenses decreased to $3,541,363 in Q1 2025 from $5,770,361 in Q1 2024, representing a reduction of 38.5%[18]. - Net loss attributable to Lottery.com Inc. for Q1 2025 was $3,306,468, compared to a net loss of $5,594,337 in Q1 2024, indicating an improvement of 41.5%[18]. - The company reported a comprehensive loss of $3,323,740 for Q1 2025, compared to a comprehensive loss of $5,651,658 in Q1 2024[18]. Cash and Assets - Cash and restricted cash at the end of Q1 2025 totaled $468,677, significantly up from $68,035 at the beginning of the year[23]. - Total assets increased to $53,439,131 as of March 31, 2025, compared to $52,942,271 as of December 31, 2024[17]. - Total current liabilities rose to $31,532,777 in Q1 2025 from $30,397,442 in Q4 2024, an increase of 3.7%[17]. - The Company reported an accumulated deficit of approximately $266.8 million and negative working capital of approximately $15.0 million as of March 31, 2025[36]. Strategic Operations - The company moved its headquarters to Fort Worth, Texas, in September 2024, indicating a strategic shift in operations[25]. - The Company completed the acquisition of Spektrum Ltd for $1.5 million in common stock at $3 per share, supporting its strategic expansion and development of Lottery.com International[32]. - The Company resumed ticket sales operations on a limited basis on April 25, 2023, to support its affiliate partners through its Texas retail network[30]. - The Company launched the Sports.com app in 2024, providing users worldwide with access to curated sports content[31]. - The Company has made significant efforts to resume core lottery and gaming operations and expand the Sports.com brand globally, as evidenced by recent investment commitments[167]. Compliance and Governance - The company received a letter from Nasdaq indicating it did not meet the minimum requirement of $5 million in Market Value of Publicly Held Shares but was granted a 180-day grace period to regain compliance[178]. - The company successfully regained compliance with Nasdaq listing requirements on April 10, 2024, after its Market Value of Publicly Held Shares closed at $5 million or more for ten consecutive business days[179]. - The company has appointed Mr. Marc Bircham as an Executive Director to its Board of Directors on May 13, 2025[164]. Acquisitions and Market Expansion - The Company acquired Global Gaming in June 2021, which holds 80% equity in Aganar and JuegaLotto, expanding its operations in the Latin American lottery market[201]. - The estimated size of the Latin American lottery market is $0.68 billion, with a projected compound annual growth rate of 6.05% through 2028[202]. - The Company acquired TinBu, LLC, a digital publisher providing lottery data results, enhancing its Data Service to deliver daily results for over 800 lottery games from more than 40 countries[208]. - The company is acquiring Nook Holdings Limited for approximately $2.314 million, with plans to close the transaction in Q2 2025[212]. - Nook has procured 200 licenses in the sports, health, and wellness sector, providing services to entrepreneurs in the Middle Eastern market[212]. Financial Obligations and Funding - The company has outstanding payroll obligations of approximately $4.08 million as of March 31, 2025, which remain unpaid following operational cessation[171]. - A loan of $67,941 was provided by the Chief Financial Officer at zero percent interest, which was repaid in full through the issuance of common stock in February 2025[160]. - The Company entered into a loan agreement with Woodford Eurasia for up to $52.5 million, with $798,351 received by December 31, 2023, accruing interest at 12% per annum[185]. - The Woodford Loan Agreement allows for conversion into shares at a price of $5.60 per share, subject to a 4.99% ownership limitation[186]. Stock and Securities - The Company completed a reverse stock split of 1-for-20 on August 9, 2023, affecting all issued and outstanding shares[200]. - The company issued 8,373,205 shares of common stock during the quarter ended March 31, 2025, including 78,574 shares from the conversion of notes[13]. - The company had 3,101,277 restricted stock shares granted and vested at a fair value of $1.40 per share as of March 31, 2025[150]. - The company had 1,011,737 shares available for grant under stock options as of March 31, 2025, with an average exercise price of $2.00[147]. Operational Challenges - The company has experienced recurring net losses and negative cash flows from operations, raising substantial doubt about its ability to continue as a going concern[36]. - The company has faced operational challenges due to an internal investigation revealing non-compliance with laws and issues with internal accounting controls, leading to a cessation of operations in July 2022[168]. Revenue Recognition and Accounting - The Company recognizes revenues from lottery game sales at the time the digital representation is delivered, with no variable consideration involved[62]. - Deferred revenue is recorded when cash payments are received or due in advance of any performance, with payment terms varying by customer type[67]. - The Company uses the Black-Scholes option-pricing model to calculate the fair value of stock options and warrants[82]. - The Company accounts for lease and non-lease components as a single lease component under the available practical expedient[58].

Core Insights - Lottery.com is the Title Sponsor of Soccerex Europe 2025, a significant event for the football business community, taking place from May 19-21 at Johan Cruyff Arena in Amsterdam [1][2] Company Involvement - As the headline sponsor, Lottery.com and its media platform Sports.com will have prominent visibility throughout the event, engaging with over 800 influential attendees including former players, club owners, league officials, and investors [2] - Marc Bircham and Tamer Hassan from Lottery.com will participate in two key panel discussions, focusing on the future of football media, fan engagement, and player care [3][4] Event Details - The first panel on May 19 will discuss innovations in fan experiences and club ownership models, while the second panel on May 20 will address the responsibilities of clubs and media in player wellbeing [3][4] - Sports.com branding will be integrated across the venue, emphasizing the company's commitment to leading discussions on fan engagement and player care [5] Notable Attendees - The event will feature a lineup of football legends, enhancing its prestige and providing a platform for meaningful conversations within the industry [5] Other Sponsors - Alongside Lottery.com, other sponsors include KNVB, La Liga, and Special Olympics, indicating a diverse support network for the event [6]

Core Viewpoint - Lottery.com Inc. has appointed Marc Bircham as an Executive Director to its Board of Directors, reflecting the company's commitment to expanding its presence in the global sports, gaming, and entertainment sectors [1][4]. Company Overview - Lottery.com is a leading technology company specializing in digital lottery, sports, and entertainment, with a unified ecosystem that includes brands like Sports.com, Concerts.com, and TicketStub.com [6]. Appointment Details - Marc Bircham has been serving as Director of Sports.com since March 2024 and has significantly contributed to the company's expansion into global sports media and football club acquisitions [2]. - Bircham holds a UEFA Pro License and has extensive experience in coaching and management across various countries, including England, Ireland, Italy, the USA, Canada, and the Caribbean [2]. Bircham's Background - Bircham is recognized as a legend at Queens Park Rangers (QPR) with over 300 professional appearances and 21 international caps for Canada, transitioning from a successful playing career to a respected football executive and coach [3]. - Throughout his coaching career, Bircham has led several top-tier programs and has been instrumental in signing notable players, demonstrating his ability to transform clubs and nurture talent [4]. Strategic Importance - The appointment of Bircham is seen as a strategic milestone for Lottery.com, aligning with the company's vision of integrating lottery, sports, and entertainment into a global digital ecosystem [5]. - Bircham expressed enthusiasm for contributing to the company's growth and shaping its future, highlighting the importance of uniting these sectors [5].