Strong Qualifying for Andretti Cape Driver & Red-and-Black Branding Turn Heads Murray No.2 Car Ahead of Pack at Grand Prix of Alabama Sebastian Murray drives the No.2 car sponsored by Lottery.com and Sports.com in the Grand Prix of Alabama. Murray NO. 2 Car On a Corner INDY NXT by Firestone No. 2 Car Driven by Sebastian Murray at the Grand Prix of Alabama BIRMINGHAM, Ala., May 05, 2025 (GLOBE NEWSWIRE) -- Rising open-wheel talent Sebastian Murray made his second INDY NXT by Firestone start this weeke ...

Sports.com Delivers a Weekend of Elite Racing Access, Ferrari Garage Tours, and VIP ExperiencesMIAMI, May 05, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) and Sports.com, in partnership with the WinTogether Trust, is proud to announce that Alan Aaron was the grand prize winner of the Donate to Win™ Miami Grand Prix Sweepstakes. Alan and his family enjoyed an extraordinary weekend of luxury, motorsport access, and exclusive behind-the-scenes experiences at the Miami Grand Prix (May 2–4, 20 ...

Race Debut This Weekend at the Grand Prix of AlabamaFORT WORTH, Texas, May 02, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”), a leading technology company in digital lottery and sports entertainment, announced a high-visibility sponsorship with rising motorsport talent Sebastian Murray, who competes in the 2025 INDY NXT by Firestone with the renowned Andretti Cape INDY NXT team. Key Activation Highlights: Branding on rear wing (Lottery.com) and nose cone (S ...

These initiatives come as the Company nears the successful conclusion of a two-year corporate turnaround, which has positioned Lottery.com for long-term operational strength, strategic expansion, and shareholder value creation. Matthew McGahan, Chairman and CEO of Lottery.com, commented: "As we approach the final phase of this disciplined turnaround, now is the right time to directly engage with our shareholders, share our roadmap, and outline the exciting opportunities ahead. This journey has always been a ...

Company Ambassadors To Lead Executive SessionsAMSTERDAM, 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 influ ...

FORT WORTH, Texas, April 25, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY), a leading technology company a leading technology company in digital lottery, charitable sweepstakes and sports entertainment, today announced the filing of an amended registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC"). The filing is related to the registration of shares issuable under a $100 million committed stock purchase agreement ("SPA") with Generating Alpha Ltd., along with a ...

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].