Core Viewpoint - Lottery.com is advancing its global expansion with the launch of the Sports.com Super App, a unique digital platform for sports fans that integrates live streaming, social engagement, e-commerce, and gamification [1][3] Group 1: Super App Features and Strategy - The Super App will launch in select global markets in Q3 2025, initially focusing on soccer and motorsport, supported by high-profile sponsorships and strategic initiatives [2] - The app will integrate six primary features: live streaming, community chat hubs, stats-based social media, e-commerce, real-money and fantasy sports gaming, and sports news, aiming to engage fans for 4-5 hours beyond match time each week [3][4] - The acquisition of GXR's sports and technology assets is a strategic move to consolidate fragmented sports experiences and enhance media expansion [3][5] Group 2: Financial Aspects and Investments - Lottery.com has signed a Letter of Intent to acquire a 51% controlling interest in GXR's assets, valuing the transaction at $10 million pre-money, with an initial investment of $5.1 million [5][6] - A $15 million financing commitment has been pledged by Lottery.com to support the expansion of the Sports.com Super App [5] Group 3: Market Impact and Future Outlook - The collaboration between Lottery.com and GXR aims to create the world's first true sports super app, allowing fans to control their entire live event experience [7] - The agreement includes a call option for Lottery.com to acquire 100% ownership of the new entity by the end of 2027, indicating long-term growth potential [6]
Lottery.com Announces $10 Million Acquisition of GXR World Sports Assets to Power Global Launch of Sports.com Super App