Nasdaq:LTRY
Lottery.com Announces Strong Third Quarter Results and Year-to-Date Revenue Increase of $42.8 Million Over Prior-Year Period
Third quarter 2021 revenue of $32.2 million and net income of $11.2 million
Strong growth in user transaction profitability
AUSTIN, Texas, Nov. 15, 2021 (GLOBE NEWSWIRE) — Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”), a leading technology company that is transforming how, where and when lottery is played, reported financial results for the third quarter ended September 30, 2021. These results were achieved prior to the closing of the Company’s business combination with Trident Acquisitions Corp. on October 29, 2021. The Company’s unaudited financial statements for the third quarter of 2021 and other information have been filed in a Current Report on Form 8-K/A today with the U.S. Securities and Exchange Commission (“SEC”).
Tony DiMatteo, Lottery.com Co-Founder and CEO, commented, “We are proud of the strong revenue and profitability growth we achieved in the third quarter. While we were working toward the completion of our business combination, we acted decisively to advance our plans for our global affiliate program and monetize one of our assets by leveraging a B2B partner relationship. The start of this program provided increased revenue in the third quarter and is an essential building block of our B2B2C strategy, which we expect will lead to an increased user base and additional revenue from those end users going forward. Additionally, the implementation of a dynamic pricing model and improvements to our app, such as push notifications, contributed to strong growth in gross profit per transaction compared to the prior year period.”
Mr. DiMatteo continued, “Now that we have successfully completed our business combination, we are focused on utilizing the proceeds we realized from the transaction, along with our third quarter profits, to accelerate our targeted user marketing campaigns, enter new markets, expand our product offerings, and execute strategic and synergistic acquisitions. With our low customer acquisition costs, large addressable markets and leading brands, we look forward to realizing the profitable growth opportunities before us.”
Third Quarter 2021 Results
| Q3 2021 Financial Highlights | Three Months Ended | ||||||||||||
| September 30, | |||||||||||||
| 2021 | 2020 | Change | |||||||||||
| (in millions, except percentages; unaudited) | |||||||||||||
| Revenues | $ | 32.2 | $ | 1.6 | $ | 30.6 | |||||||
| Gross Profit | $ | 20.3 | $ | 0.9 | $ | 19.4 | |||||||
| Gross Margin | 63.0 | % | 54.9 | % | 8.1 | % | |||||||
| Net Income | $ | 11.2 | $ | (1.2 | ) | $ | 12.3 | ||||||
| Q3 2021 User Metrics (1) | |
Three Months Ended | |||||||||||
| September 30, | |||||||||||||
| 2021 | 2020 | Change | |||||||||||
| Transactions per user | 12.4 | 11.2 | 1.2 | ||||||||||
| Tickets per transaction | 3.8 | 3.5 | 0.3 | ||||||||||
| Revenue per transaction | $ | 9.52 | $ | 8.20 | $ | 1.32 | |||||||
| Gross profit per transaction | $ | 1.69 | $ | 0.93 | $ | 0.76 | |||||||
| Gross margin per transaction | 17.8 | % | 11.3 | % | 6.4 | % | |||||||
| (1) Excludes B2B users who made purchases through an affiliate or API partner | |||||||||||||
Third quarter 2021 revenue was $32.2 million, an increase of $30.6 million from the third quarter of 2020. The growth was driven by the global affiliate marketing program.
Third quarter 2021 gross profit was $20.3 million, an increase of $19.4 million from the third quarter of 2020. The increase was driven by the global affiliate marketing program as well as improved user profitability.
Third quarter 2021 gross profit per transaction was $1.69, or a $0.76 increase from the third quarter of 2020. The increase was driven by the implementation of a dynamic pricing model and improvements made to the Company’s platform, including push notifications, which contributed to higher tickets sold per transaction and higher revenue per transaction.
Third quarter 2021 net income was $11.2 million, compared to a net loss of $1.2 million in the third quarter of 2020. The improvement was driven by the increase in gross profit partially offset by expenses associated with the business combination.
Outlook and Update Following Business Combination
The Company expects to meet or exceed its previous guidance of $71 million for full year 2021 revenue.
On October 29, 2021, the Company successfully completed its business combination with Trident Acquisitions Corp. As a result of the transaction, Lottery.com received $42.8 million in net proceeds and converted $60 million of debt and accrued interest into equity. Following the completion of the business combination, the Company’s top strategic priorities include:
- Continuing development of Project Nexus’ blockchain-based gaming platform and launch of its first proprietary lottery game in 2022;
- Initiating new targeted marketing campaigns to broaden its B2C user base;
- Entering new markets in both the U.S. and internationally by the end of 2021 and entering New York and New Jersey in 2022;
- Developing and continually introducing new products to the Lottery.com platform, including additional state-specific games and digital scratcher games;
- Adding new affiliates and API partners to the Company’s B2B segment; and
- Executing on strategic and synergistic acquisitions, including those that will drive the Sports.com platform.
About Lottery.com
Lottery.com is a leading technology company that is transforming how, where and when lottery is played. Its engaging mobile and online platforms enable players and commercial partners located in the United States and internationally to remotely purchase legally sanctioned lottery games. Fans and subscribers look to Lottery.com for compelling, real-time results on more than 800 lottery games from more than 40 countries. Additionally, through WinTogether.org, Lottery.com is fundamentally changing how non-profit donors are incentivized to action by gamifying charitable giving. In all that it does, Lottery.com’s mission remains the same: an uncompromising passion to innovate, grow a new demographic of enthusiasts, deliver responsible and trusted solutions, and promote community and philanthropic initiatives. For more information, visit http://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 (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of present or historical fact included in this press release, regarding the company’s future financial performance, as well as the company’s strategy, future operations, revenue guidance, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” 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. Except as otherwise required by applicable law, Lottery.com 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. Lottery.com 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 Lottery.com. In addition, Lottery.com cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the outcome of any legal proceedings that may be instituted against Lottery.com; (ii) Lottery.com’s ability to maintain effective internal controls over financial reporting, including the remediation of identified material weaknesses in internal control over financial reporting relating to segregation of duties with respect to, and access controls to, its financial record keeping system, and Lottery.com’s accounting staffing levels; (iii) the effects of competition on Lottery.com’s future business; (iv) risks related to Lottery.com’s dependence on its intellectual property and the risk that Lottery.com’s technology could have undetected defects or errors; (v) changes in applicable laws or regulations; (vi) risks related to the COVID-19 pandemic and its effect directly on Lottery.com and the economy generally; (vii) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; (viii) the possibility that Lottery.com may be adversely affected by other economic, business, and/or competitive factors; (ix) the ability of Lottery.com to achieve its strategic and growth objectives as stated or at all; and (x) those factors discussed in the proxy statement/prospectus filed by Lottery.com with the SEC under the heading “Risk Factors” and the other documents filed, or to be filed, by Lottery.com with the SEC. 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. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that Lottery.com 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.
AutoLotto, Inc.
Condensed Consolidated Balance Sheets
| As of September 30, | As of December 31, | |||||||
| 2021 | 2020 | |||||||
| (unaudited) | ||||||||
| Assets | ||||||||
| Cash | $ | 1,179,467 | $ | 3,825,511 | ||||
| Restricted cash | – | 6,950,000 | ||||||
| Accounts receivable | 33,072,278 | 26,195 | ||||||
| Prepaid expenses | 10,815,458 | 22,013,110 | ||||||
| Other current assets | 238,627 | 788,033 | ||||||
| Total current assets | 45,305,830 | 33,602,849 | ||||||
| Investments | 250,000 | 250,000 | ||||||
| Goodwill | 17,937,691 | 12,997,048 | ||||||
| Intangible assets, net | 27,820,753 | 3,211,250 | ||||||
| Property and equipment, net | 1,297,885 | 670,952 | ||||||
| Total assets | $ | 92,612,159 | $ | 50,732,099 | ||||
| Liabilities | ||||||||
| Trade payables | $ | 2,986,762 | $ | 2,176,621 | ||||
| Deferred revenue | 598,214 | 7,763,593 | ||||||
| Convertible debt, net – current | 8,912,163 | 8,882,665 | ||||||
| Notes payable – current | 4,077,982 | 12,207,180 | ||||||
| Accrued interest | 3,435,111 | 721,717 | ||||||
| Accrued and other expenses | 4,992,522 | 2,335,350 | ||||||
| Total current liabilities | 25,002,754 | 34,087,126 | ||||||
| Convertible debt, net – non current | 31,569,218 | 10,000 | ||||||
| Other long term liabilities | 1,600,000 | – | ||||||
| Total liabilities | 58,171,972 | 34,097,126 | ||||||
| Stockholders’ Equity | ||||||||
| Controlling Interest | ||||||||
| Common stock | 5,912 | 5,159 | ||||||
| Par value $.001, 8,610,000 shares authorized, 5,910,980 and 5,158,607 issued and outstanding as of September 30, 2021 and December 31, 2020 respectively | ||||||||
| Preferred stock – series seed | 63 | 63 | ||||||
| Par value $.0001, 633,000 shares authorized, 633,000 issued and outstanding as of September 30, 2021 and December 31, 2020 respectively | ||||||||
| Preferred stock – series A | 122 | 122 | ||||||
| Par value $.0001, 1,220,000 shares authorized, 1,220,000 issued and outstanding as of September 30, 2021 and December 31, 2020 respectively | ||||||||
| Preferred stock – series A1 | 22 | 22 | ||||||
| Par value $.0001, 225,000 shares authorized, 223,749 issued and outstanding as of September 30, 2021 and December 31, 2020 respectively | ||||||||
| Preferred stock – series A2 | 30 | 30 | ||||||
| Par value $.0001, 305,000 shares authorized, 302,668 issued and outstanding as of September 30, 2021 and December 31, 2020 respectively | ||||||||
| Additional paid-in capital | 123,368,737 | 111,770,147 | ||||||
| Accumulated deficit | (91,577,868 | ) | (95,140,570 | ) | ||||
| Total AutoLotto Inc. stockholder’s equity | 31,797,018 | 16,634,973 | ||||||
| Noncontrolling Interest | 2,643,169 | – | ||||||
| Total Stockholders’ Equity | 34,440,187 | 16,634,973 | ||||||
| Total Liabilities & Stockholders’ Equity | $ | 92,612,159 | $ | 50,732,099 | ||||
AutoLotto, Inc.
Condensed Consolidated Statements of Operations
Three Months Ended September 30, 2021 and 2020 and Nine Months Ended
September 30, 2021 and 2020
| Three Months Ended September 30, |
Nine Months Ended September 30, |
|||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||
| (unaudited) | (unaudited) | |||||||||||||||
| Revenue | $ | 32,248,036 | $ | 1,602,916 | $ | 47,035,327 | $ | 4,197,314 | ||||||||
| Cost of revenue | 11,920,721 | 722,363 | 15,925,072 | 1,770,885 | ||||||||||||
| Gross profit | 20,327,315 | 880,554 | 31,110,255 | 2,426,429 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Personnel costs | 1,614,063 | 974,139 | 4,138,240 | 2,975,464 | ||||||||||||
| Professional fees | 976,679 | 182,502 | 5,174,378 | 638,878 | ||||||||||||
| General and administration | 1,085,431 | 163,691 | 4,355,760 | 593,380 | ||||||||||||
| Depreciation and amortization | 1,530,026 | 355,671 | 2,904,000 | 1,065,490 | ||||||||||||
| Total operating expenses | 5,206,199 | 1,676,004 | 16,572,378 | 5,273,211 | ||||||||||||
| Income (loss) from operations | 15,121,116 | (795,450 | ) | 14,537,877 | (2,846,782 | ) | ||||||||||
| Other expenses | ||||||||||||||||
| Interest expense | 3,789,316 | 296,517 | 9,318,638 | 881,553 | ||||||||||||
| Other expense | 178,952 | 68,218 | 1,656,540 | 416,858 | ||||||||||||
| Total other expenses, net | 3,968,268 | 364,735 | 10,975,178 | 1,298,411 | ||||||||||||
| Net income (loss) | $ | 11,152,848 | $ | (1,160,185 | ) | $ | 3,562,699 | $ | (4,145,193 | ) | ||||||
| Net income (loss) per common share | ||||||||||||||||
| Basic | $ | 1.89 | $ | (0.22 | ) | $ | 0.64 | $ | (0.80 | ) | ||||||
| Diluted | $ | 0.24 | $ | (0.22 | ) | $ | 0.08 | $ | (0.80 | ) | ||||||
| Weighted average common shares outstanding | ||||||||||||||||
| Basic | 5,900,980 | 5,158,607 | 5,534,794 | 5,158,607 | ||||||||||||
| Diluted | 45,956,427 | 5,158,607 | 45,590,241 | 5,158,607 | ||||||||||||
AutoLotto, Inc.
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, |
||||||||
| 2021 | 2020 | |||||||
| (unaudited) | ||||||||
| Cash flow from operating activities | ||||||||
| Net income (loss) | $ | 3,562,698 | $ | (4,145,193 | ) | |||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Depreciation and amortization | 2,904,000 | 1,065,490 | ||||||
| Amortization of debt discount | 2,296,747 | 126,096 | ||||||
| Amortization of beneficial conversion feature | 4,191,530 | 494,639 | ||||||
| Stock based compensation expense | 6,479 | 13,872 | ||||||
| Forgiveness of PPP Loan | (493,225 | ) | – | |||||
| Loss on extinguishment of debt | 71,174 | – | ||||||
| Issuance of debt to pay expenses | 1,003,983 | – | ||||||
| Changes in assets & liabilities: | ||||||||
| Accounts receivable | (33,046,083 | ) | 1,625 | |||||
| Prepaid expenses | 11,202,143 | 103,253 | ||||||
| Other current assets | 561,321 | (23,975 | ) | |||||
| Trade payables | 808,670 | (391,352 | ) | |||||
| Deferred revenue | (7,165,379 | ) | 578,759 | |||||
| Accrued interest | 2,758,009 | 260,818 | ||||||
| Accrued and other expenses | 3,979,552 | 399,445 | ||||||
| Net cash used in operating activities | (7,358,379 | ) | (1,516,522 | ) | ||||
| Cash flow from investing activities | ||||||||
| Purchases of property and equipment | (1,097,993 | ) | (21,915 | ) | ||||
| Purchases of intangible assets | (3,000,000 | ) | – | |||||
| Cash paid for acquisitions, net of cash acquired | (10,012,540 | ) | – | |||||
| Net cash used in investing activities | (14,110,533 | ) | (21,915 | ) | ||||
| Cash flow from financing activities | ||||||||
| Issuance of digital securities | 108,332 | 487,494 | ||||||
| Proceeds from exercise of options | 47,130 | – | ||||||
| Proceeds from issuance of convertible debt | 13,483,500 | 365,000 | ||||||
| Proceeds from government loan | – | 643,125 | ||||||
| Proceeds from issuance of notes payable | – | 27,699 | ||||||
| Principal payments on notes payable | (1,766,093 | ) | (44,148 | ) | ||||
| Net cash provided by financing activities | 11,872,869 | 1,479,170 | ||||||
| Net change in net cash and restricted cash | (9,596,044 | ) | (59,266 | ) | ||||
| Cash at beginning of period | 10,775,511 | 158,492 | ||||||
| Cash at end of period | $ | 1,179,467 | $ | 99,226 | ||||
| SUPPLEMENTAL DISCLOSURES: | ||||||||
| Interest paid in cash | $ | 40,916 | $ | – | ||||
| Non cash investing and financing activities | ||||||||
| Conversion of convertible debt into common stock | $ | 935,000 | $ | – | ||||
| Capitalization of interest from loan extinguishment | $ | 44,614 | – | |||||
| Purchase of intangible assets through the issuance of convertible debt | $ | 15,450,000 | $ | – | ||||
| Issuance of convertible debt in exchange for outstanding liabilities | $ | 2,108,983 | $ | – | ||||
| Issuance of convertible debt in exchange for notes payable | $ | 4,531,250 | ||||||
| Common stock issued as part of acquisition | $ | 459,691 | $ | – | ||||
Lottery.com Contact:
Matthew Schlarb
VP, Investor Relations
(512) 585-7789
[email protected]
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Nasdaq:LTRY
Lottery.com and Sports.com Showcase Multi-Series Talent in INDYCAR and INDY NXT at Gateway
MADISON, Ill., June 16, 2025 (GLOBE NEWSWIRE) — It was a weekend of high drama, fast pace, and standout performances across both the NTT INDYCAR SERIES and INDY NXT by Firestone, as Sports.com and Lottery.com drivers Callum Ilott, Louis Foster and Sebastian Murray took to the high-speed oval at World Wide Technology Raceway under the lights. With brand presence across all three cars, the weekend marked another milestone for Lottery.com Inc. (Nasdaq: LTRY, LTRYW) and Sports.com, further reinforcing their commitment to elite and emerging talent across the motorsport ladder.
Callum Ilott: Commanding Drive Ends in Fuel-Heartbreak
PREMA Racing’s Callum Ilott produced a sensational performance in Gateway’s 260-lap race. Starting from P16, the British driver carved his way through the field and was leading the race in the closing laps. Unfortunately, a fuel strategy gamble came up short, and Ilott was forced to pit with just four laps remaining, finishing P18.
“Today’s result is hard to take in, especially when we were leading with just a handful of laps to go,” Ilott said. “The car felt really good all race, our pace was strong, and we made our pit stops at the right time. We’ll come back stronger at Road America.”
Ilott continues to fly the Lottery.com flag with high-visibility helmet branding, reaffirming his status as one of the most talented and composed drivers on the INDYCAR grid.
Louis Foster: Blistering Pace and Unlucky End to a Promising Run
Louis Foster, racing for Rahal Letterman Lanigan Racing, once again showed front-running speed before a late-race incident ended his charge. The 21-year-old Brit had been running competitively inside the top 10 before catching the marbles and spinning into a high-speed crash, marking his second consecutive DNF despite showing strong form.
“I had wiggles all race, and just got too high onto the dark stuff where there’s less grip. At that point, I was a complete passenger,” Foster said. “We were really fast—it’s frustrating to end the weekend like that, but there’s a lot to take forward.”
Now fully backed through the end of the season with Sports.com on his helmet and on the front wing endplates, Foster remains central to both brands’ INDYCAR activation strategy.
“Louis continues to flash brilliance every time he’s on track,” said Matthew McGahan, Chairman and CEO of Lottery.com. “We’re proud to support him and are confident he’ll turn the corner and deliver the results his talent deserves.”
Sebastian Murray: Strong INDY NXT Oval Debut Shows Potential
In just his first-ever oval race, INDY NXT newcomer Sebastian Murray delivered a disciplined and mature drive. Starting mid-pack, Murray kept his nose clean and ultimately finished ahead of his starting position—an encouraging result as he builds experience in one of motorsport’s toughest disciplines.
“It was a really good weekend. The team did a great job and it feels good to get the first oval out of the way,” said Murray. “We made up some positions and fought our way through. If I’d gotten past a certain car earlier, I think we could’ve had a very different result.”
With full branding support from Lottery.com and Sports.com across his helmet, suit, rear wing, and endplates, Murray continues to exceed expectations.
“Sebastian kept it shiny-side-up and delivered a performance well beyond his experience level,” said McGahan. “He’s taken to oval racing naturally—like a duck to water—and we’re excited to watch his progression.”
Next Up: Road America
The Sports.com and Lottery.com drivers now head to Road America in Wisconsin. The course is a known favorite for Foster who previously won there in Indy Pro 2000 and finished second in INDY NXT.
“To have three drivers across both series carrying our brands is a special moment,” said McGahan. “This weekend showed grit, speed, and the kind of excitement that we’re proud to align with. Road America is next—and we’re ready.”
About Lottery.com Inc.
The Lottery.com Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Sports.com, Tinbu and WinTogether, comprise a unified ecosystem that integrates gaming, entertainment, and sports. Follow the Company on X, Instagram and Facebook
For more information, please visit www.lottery.com or contact our media relations team at [email protected].
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f55f35cf-6a2c-417b-a2e5-9dc9c41fc0d4
https://www.globenewswire.com/NewsRoom/AttachmentNg/ebfa7ea9-40e0-40c9-8bde-d1144f77d647
https://www.globenewswire.com/NewsRoom/AttachmentNg/94603799-3198-41de-a88d-6c7fc016b286
This press release was published by a CLEAR® Verified individual.
Nasdaq:LTRY
Sports.com Enters Strategic Sponsorship with Racing Women to Accelerate the Future of Female Motorsport
FORT WORTH, Texas, June 16, 2025 (GLOBE NEWSWIRE) — Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or “the Company”) and Sports.com announced a sponsorship agreement with Racing Women LLC, the movement pioneering access and opportunity for women in motorsports and STEM programs worldwide.
With 4,500 women from more than 70 countries already engaged in its global community, Racing Women, led by motorsport veteran Graeme Glew, has developed a blueprint for accelerating female driver development and supporting the training and education for women seeking careers in the motorsports industry. Through advanced training, professional mentorship and competitive entry points, Racing Women is redefining how women can enter and excel in elite racing.
The sponsorship will support three events in 2025: a high-performance driver training camp this August, followed by two high-profile Radical races at Donington Park (UK) in September and Virginia International Raceway (USA) in November. It underscores Sports.com’s commitment to fostering gender equality in sport and investing in the high-growth, high-impact landscape of women’s athletics, a global market that continues to surge in participation, media value and fan engagement.
Matthew McGahan, Chairman and CEO of Sports.com and Lottery.com, commented:
“Women’s motorsport has long been underserved, and Racing Women is changing that decisively. What Graeme and his team are doing isn’t just admirable, it’s essential. This partnership reflects our belief in the power of sport to create change, and in the unique role Sports.com can play in scaling authentic, inclusive opportunities.”
Graeme Glew, Founder of Racing Women, said:
“Forming a relationship with Sports.com is a pivotal moment for us. It’s not just about this season—it’s about the future. Together, we’re setting out to build a sustainable, recognizable global brand that gives women a real chance to compete at the very highest levels of motorsport. We’re proud to have Sports.com beside us as we take the next steps on that journey.”
About Racing Women LLC
Racing Women is a global movement built on two decades of experience empowering women in motorsport. Its mission is to inspire, support, and develop the next generation of female champions through opportunity, training and community.
About Lottery.com Inc.
The Lottery.com Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Sports.com, Tinbu and WinTogether, comprise a unified ecosystem that integrates gaming, entertainment, and sports. Follow the Company on X, Instagram and Facebook
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0b070aea-0cc6-426a-9cc3-901f46e95091
https://www.globenewswire.com/NewsRoom/AttachmentNg/23666c4a-1315-4134-97d8-73faa2d67122
This press release was published by a CLEAR® Verified individual.
CONTACT: For more information, please visit www.lottery.com or contact our media relations team at [email protected].
Nasdaq:LTRY
Lottery.com and Sports.com Featured at Gateway with Triple-Driver Sponsorship Across IndyCar and IndyNXT
ST. LOUIS, June 12, 2025 (GLOBE NEWSWIRE) — Lottery.com Inc. (NASDAQ: LTRY, LTRYW) (“Lottery.com” or “the Company”), a leading technology company alongside its Sports.com brand, collectively transforming the intersection of gaming, sports and entertainment, announces its continued and expanded sponsorship across both the NTT IndyCar and IndyNXT by Firestone series with its partnered drivers—Callum Ilott , Louis Foster and Sebastian Murray prepare to take on the World Wide Technology Raceway (Gateway) oval this Saturday night.
This marks the first time that both Lottery.com and Sports.com branding will be featured across three race entries in a single weekend—an extraordinary show of support for young talent and a strategic moment for brand visibility on one of the season’s marquee oval events.
Louis Foster – Rahal Letterman Lanigan Racing (NTT IndyCar Series)
Fresh from leading laps in Detroit and surviving one of the biggest accidents of his career, Louis Foster returns to Gateway with unfinished business. The reigning IndyNXT champion, who won all three oval events in last year’s campaign in IndyNXT, brings a wealth of oval experience to the Rahal Letterman Lanigan Racing’s entry in IndyCar.
Following a newly extended and expanded partnership, Foster will now feature the Lottery.com logo on his crash helmet and Sports.com branding on the front wing endplates of his RLL car through the end of the 2025 season. The branding aligns the Foster partnership with the Company platforms’ long-term motorsport ambitions.
“I’m incredibly proud to be carrying the Lottery.com and Sports.com logos this weekend at Gateway. It’s a track I love, and I’m determined to repay their faith in me with a strong result,” said Foster.
Callum Ilott – PREMA Racing (NTT IndyCar Series)
British racing star Callum Ilott returns to Gateway ready to showcase the front-running pace he’s been building throughout the season with PREMA Racing. Despite a wheel incident in Detroit, Ilott has consistently demonstrated Top 10 potential and now takes on the high-speed oval with renewed determination.
Ilott continues to represent Lottery.com with high-visibility helmet branding, prominently featured across all race sessions this weekend. His professionalism and composure have made him an ideal partner for the brand’s IndyCar strategy in 2025.
“Callum brings a sharp focus and professionalism to every race weekend, and we’re proud to be aligned with him as PREMA continues its impressive debut season in IndyCar,” said Matthew McGahan, CEO of Lottery.com and Sports.com.
Sebastian Murray – No. 2 Dream Racing Dubai (IndyNXT by Firestone)
Rising Scottish talent Sebastian Murray returns to the site of IndyNXT’s unique challenge, ready to build on his career-best P6 finish in Detroit. In just his fifth race appearance in the IndyNXT series, Murray is continuing to turn heads, now sitting 11th in the overall driver standings.
Backed by Lottery.com and Sports.com, Murray will once again carry the brands across his helmet, race suit, front and rear wing endplates, and rear wing panel—a comprehensive visual partnership that continues to position him as a key ambassador for the Company’s platforms’ next-gen motorsports strategy.
“This weekend marks a major milestone for our Company and both the Lottery.com and Sports.com brands,” said McGahan, “To have all three of our partnered drivers competing at Gateway under the lights—across both IndyCar and IndyNXT—is something we’re extremely proud of. Our commitment to supporting emerging and elite talent is matched by the unprecedented visibility we’re achieving for our brands on a national stage. We believe strongly in these athletes and in the sport.”
About Lottery.com
The Lottery.com Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Sports.com, Tinbu and WinTogether, comprise a unified ecosystem that integrates gaming, entertainment, and sports. Follow the Company on X, Instagram and Facebook.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/0d390058-4f90-430c-9b03-cc71a594db70
https://www.globenewswire.com/NewsRoom/AttachmentNg/7584759a-e4e6-45eb-8691-d1f4ee66771e
https://www.globenewswire.com/NewsRoom/AttachmentNg/26c9061b-baaa-4452-907f-78513e1d9ea7
This press release was published by a CLEAR® Verified individual.
CONTACT: For more information, please visit www.lottery.com or contact our media relations team at [email protected].
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