Lottery.com announces international expansion into Europe and Asia, launching innovative lottery platforms to generate revenue and enhance brand recognition.
Quiver AI Summary
Lottery.com Inc. announced the launch of its international lottery operations, marking the company's first foray into new markets since its relaunch. The expansion into key European and Asian markets is part of a strategy to capitalize on the growing global lottery industry, which exceeds $300 billion annually. The company aims to generate immediate revenue while establishing a foundation for further global growth by deploying its innovative lottery technology platform. With a regional rollout planned, the expansion will adapt to local regulations and market conditions. CEO Matthew McGahan and COO Gregory Potts highlighted the importance of this step for the company’s growth strategy and global ambitions, emphasizing their commitment to delivering innovative lottery experiences to consumers worldwide.
Potential Positives
- Lottery.com is launching international lottery operations, marking its first revenue-generating expansion since its relaunch, which indicates growth potential.
- The company's expansion into key European and Asian markets is expected to generate immediate revenue and enhance shareholder value.
- The global lottery market is experiencing significant growth, with Lottery.com strategically positioning itself to capitalize on this trend.
- The executive team's enthusiasm and commitment to leveraging investments in technology suggest a strong potential for innovative offerings and market capture.
Potential Negatives
- The press release includes a caution about numerous risks and uncertainties that may affect the company's ability to execute its international expansion, which may undermine investor confidence.
- There is a lack of specific details on how the company plans to navigate diverse jurisdictional gaming regulations, which could pose challenges in achieving success in new markets.
- The mention of ongoing reviews of internal accounting controls and the need to regain compliance with Nasdaq Listing Rules raises concerns about the company’s financial stability and governance practices.
FAQ
What is Lottery.com announcing in March 2025?
Lottery.com is launching its international lottery operations, marking its first revenue-generating expansion into new territories.
Which markets will Lottery.com expand into?
Lottery.com will begin launching its platforms in multiple European and Asian markets starting in March 2025.
What is the current size of the global lottery market?
The global lottery market exceeds $300 billion annually and is continuing to grow year over year.
What growth rates are projected for the European and Asian lottery markets?
The European lottery market is expected to grow at a CAGR of 6.5%, while the Asian market is projected at 2.92% CAGR.
How does Lottery.com plan to enhance shareholder value?
By building global brand recognition and capturing market share in high-potential regions through international expansion.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LTRY Insider Trading Activity
$LTRY insiders have traded $LTRY stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.
Here’s a breakdown of recent trading of $LTRY stock by insiders over the last 6 months:
- MATTHEW HOWARD MCGAHAN has made 0 purchases and 2 sales selling 195,000 shares for an estimated $73,450.
- ROBERT J STUBBLEFIELD (Chief Financial Officer) has made 0 purchases and 5 sales selling 35,000 shares for an estimated $48,620.
- GREGORY A POTTS (CHIEF OPERATING OFFICER) has made 0 purchases and 6 sales selling 27,000 shares for an estimated $38,440.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LTRY Hedge Fund Activity
We have seen 6 institutional investors add shares of $LTRY stock to their portfolio, and 6 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC added 29,297 shares (+inf%) to their portfolio in Q4 2024, for an estimated $14,179
- XTX TOPCO LTD added 27,887 shares (+inf%) to their portfolio in Q4 2024, for an estimated $13,497
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 20,231 shares (+inf%) to their portfolio in Q4 2024, for an estimated $9,791
- SIGNATUREFD, LLC added 20,000 shares (+inf%) to their portfolio in Q4 2024, for an estimated $9,680
- HRT FINANCIAL LP added 12,689 shares (+inf%) to their portfolio in Q4 2024, for an estimated $6,141
- VIRTU FINANCIAL LLC added 6,141 shares (+45.0%) to their portfolio in Q4 2024, for an estimated $2,972
- UBS GROUP AG removed 5,149 shares (-99.7%) from their portfolio in Q4 2024, for an estimated $2,492
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
FORT WORTH, Texas, March 04, 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 launch of its international lottery operations, marking the first revenue-generating expansion into new territories since the company’s relaunch.
As part of this strategic expansion, Lottery.com previously announced its commitment to providing innovative lottery solutions by investing in a cutting-edge lottery technology platform designed to meet the diverse and complex demands of international markets while enhancing the Company’s proprietary technology. Lottery.com-branded platforms will begin launching in multiple European and Asian markets starting this month.
The global lottery industry continues to demonstrate significant growth, with the market exceeding $300 billion annually and expanding year over year. Recognizing this opportunity, the Company’s expansion into key European and Asian markets will generate immediate revenue while establishing a clear path for further global expansion.
Target Market Growth Opportunities
The European lottery market size was estimated at USD $118.75 billion in 2024 and is expected to grow at a CAGR of 6.5% from 2025 to 2030, while the Asian lottery market is projected to reach $5.10 billion in 2025, with an anticipated growth rate (CAGR 2025-2029) of 2.92%.
Lottery.com will adopt a regional roll-out approach in Europe and Asia in line with its previously announced international expansion strategy. Building global brand recognition is a key component of the Company’s long-term plan to enhance shareholder value. The timing and scope of platform deployment in each country will be guided by jurisdictional gaming regulations, the success of the regional brand performance, the competitive landscape and consumer preferences. This strategic move aims to capture market share, drive an active database of users, and generate rapid revenue growth in high-potential regions.
Matthew McGahan, Chairman and CEO of Lottery.com, commented:
“
We are thrilled to relaunch Lottery.com’s brand and platform to new consumers and markets, starting with our initial expansion into multiple countries in Europe and Asia. This marks a strategic step outside of the United States, paving the way for our global ambition—to offer communities worldwide a unified lottery solution.”
Gregory Potts, Chief Operating Officer of Lottery.com, added:
“Our expansion into international markets is a major milestone for Lottery.com and represents the next phase of the Company’s growth strategy. By leveraging our investments lottery technology and deep industry expertise, we are well-positioned to meet the demands of new players and partners worldwide. We are excited about the opportunities ahead and look forward to delivering innovative lottery experiences to global audiences.”
For more information, please visit
www.lottery.com
.
Important Notice Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company’s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “initiatives,” “continue,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, any future findings from ongoing review of the Company’s internal accounting controls, additional examination of the preliminary conclusions of such review, the Company’s ability to secure additional capital resources, the Company’s ability to continue as a going concern, the Company’s ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company’s ability to regain compliance with the Bid Price Requirement, the Company’s ability to regain compliance with Nasdaq Listing Rules, the Company’s ability to become current with its SEC reports, and those additional risks and uncertainties discussed under the heading “Risk Factors” in the Form 10-K/A filed by the Company with the SEC on June 14, 2024, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.
This press release was published by a CLEAR® Verified individual.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
