Nasdaq:LTRY
Lottery.com Announces Appointment of New Strategic Financial Adviser to Accelerate and Expand Global Reach and Acquisition Strategy

NEW YORK, May 13, 2024 (GLOBE NEWSWIRE) — Lottery.com Inc. (Nasdaq: LTRY, LTRY), a leading technology company transforming how, where, and when lottery and sports media content is delivered, today announces a significant step to accelerate its global expansion efforts. Lottery.com has engaged Cohen & Company Capital Markets (“CCM”), a division of J.V.B. Financial Group, LLC, as its financial advisor to help oversee and structure its acquisition strategy. The Companyâs âbuy and buildâ strategy is backed by the United Capital Investments Limited (âUCILâ) $150 million loan facility with support from strategic investors, such as Prosperity Investment Management.
Under the new agreement, effective May 6, 2024, CCM will assist Lottery.com in navigating potential acquisitions and other business combinations aimed at enhancing the Company’s product offerings and market reach. This partnership is designed to support the Companyâs “buy and build” strategy, targeting a pipeline of potential acquisitions over the next 12 months to bolster both domestic and international operations, as well as boosting technological and market capabilities.
Lottery.com looks to develop its lottery market through acquisitions and strategic alliances by pursuing innovative technology partners that will enhance the Companyâs customer engagement, both domestically and internationally.
Another major initiative includes developing Sports.com into the first mainstream fully immersive streaming platform, providing live, full-engagement experiences to sports fans around the world. This development will focus on motor sports across the US, Europe, and the Middle East, along with mainstream American sports, including NFL, NBA, MLS, and USL. The newly launched Sports.com app that is now available on Apple and Google App Stores, further enhances user access and engagement. This follows successful collaborations and live streaming of major sports events, including widely acclaimed boxing, mixed martial arts (MMA) and EFC bouts and events.
In conjunction with CCM as its new strategic financial advisor, the Company is targeting the soccer market. With CCM assisting the Company to structure and oversee the potential acquisition of certain soccer clubs already identified, the Company hopes to develop and grow those brands using its Sports.com platform.
Marc Bircham, Director of Sports.com (and former professional player for Queens Park Rangers FC) commented:
“I’m delighted to be working with Cohen & Company Capital Markets. Their expertise in financial structuring and fundraising will be crucial as we lead the Sports.com acquisition program. My focus, along with our team led by Sport.comâs president Majed Al Sorour, will be to work with Cohen & Company to help close on the acquisition of one UK football club this year.â
Matthew McGahan, CEO and President of Lottery.com, said:
“Partnering with Cohen & Company Capital Markets is a major step forward for our business. Their expertise in financial structuring and fund raising will be crucial as we implement our strategy to expand globally through significant acquisitions, including our focused efforts on enhancing the Sports.com platform and our target to look at the UK football club market. We also intend to reach into new markets, especially in the sports media sector, where the company is planning to revolutionise fan engagement through live event streaming accessed on our wholly owned subsidiary sports.com. With a focus on both domestic and international markets, we are poised to further leverage our content verticals, including among others ESports and SimRacing, to broaden our reach. Â
He added:
“By leveraging CCMâs expertise, we are better positioned to identify and capitalize on new opportunities that align with our vision of creating a more connected and engaging experience for lottery and sports fans worldwide. Access to enhanced financial facilities and different capital structures amplifies our ‘buy and build’ strategy. Our aim is to propel ticket sales in the international lottery market and rapidly expand the Sports.com audience base in order to best monetize our online assets and technical expertise. Acquisitions will be structured by utilizing the UCIL $150 million loan facility as voted on by the Companyâs shareholders in November 2023, as well as new capital structures introduced by CCM.â
Lottery.com Contact: [email protected]
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.comâs 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 âforward-looking statementsâ within the meaning of Section 27A of the Securities Act of 1933, as amended (the âSecurities Actâ), and Section 21E of the Securities Exchange Act of 1934, as amended (the âExchange Actâ). All statements, other than statements of present or historical fact included in this press release, regarding the companyâs future financial performance, as well as the companyâs 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 âcould,â âshould,â âwill,â âmay,â âbelieve,â âanticipate,â âintend,â âestimate,â âexpect,â âproject,â 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 managementâs 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.comâs 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.comâs accounting staffing levels; (iii) the effects of competition on Lottery.comâs future business; (iv) risks related to Lottery.comâs dependence on its intellectual property and the risk that Lottery.comâs 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 âRisk Factorsâ 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 SECâs website at www.sec.gov.
Nasdaq:LTRY
Grit, Gains, and Setbacks for Lottery.com and Sports.com Drivers in Fourth of July Weekend Battle at Mid-Ohio

A Media Snippet accompanying this announcement is available by clicking on this link.
LEXINGTON, Ohio, July 07, 2025 (GLOBE NEWSWIRE) — Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (âLottery.comâ or âthe Companyâ), a leading technology company transforming the intersection of gaming, sports and entertainment, today announced their driversâ results from the Mid-Ohio Sports Car Course. In sweltering summer conditions, the trio of Lottery.com and Sports.com-sponsored drivers took on one of the most technical and physically demanding road courses on the NTT INDYCAR SERIES and INDY NXT by Firestone calendars. With 90 laps of elevation, strategy, and heat, the Fourth of July holiday weekend brought both breakthroughs and heartbreaks to the paddock.
Callum Ilott
Car No. 90 â PREMA Racing (INDYCAR SERIES)
Finished: P13 | Best Result of the Season | Sponsored by: Lottery.com
Callum Ilott delivered a superb recovery drive from P24 on the grid to P13, notching his best result of the 2025 season in a race that tested both patience and performance. After being forced off-track to avoid an incident at the start, the PREMA Racing driver went off-strategy, switching early to alternate red-sidewall tires under the first caution.
Ilott executed a well-managed three-stop strategy, making his final pit stop on lap 82 and pushing hard in the closing stages to gain multiple positions.
âA really strong race. We had a bit of contact at the beginning and I was just put in a bad position on the outside,â said Ilott. âWe gambled and did an early stop onto the Reds. The first stint wasn’t anything special, but once we came in and got going again on the next set of Reds, it was super fast. The car was really strong. We maximised everything from P24 â great pit stops and solid strategy.â
Louis Foster
Car No. 45 â Rahal Letterman Lanigan Racing (INDYCAR SERIES)
Finished: P14 | Rookie of the Year Leader | Sponsored by: Sports.com
Louis Foster continued his impressive rookie season by qualifying in P6âhis third Fast Six shootout appearance this yearâand finishing 14th in a challenging fuel-saving race. Despite not having a fresh set of tires for his final qualifying run, Foster again proved his one-lap speed and now holds an average starting position of 12.2 across a 27-car field.
In the race, Foster was initially in contention for a top-10 before a pit stop stall cost valuable time. Nonetheless, his strong performance earned him top rookie honours on the day and moved him into the lead of the Rookie of the Year standings.
âI think I did a good job saving fuel,â Foster said after the race. âThat was the first time I did a proper fuel save race so that was good experience for me. Top rookie in the race by some margin. There are worse days for sure, but itâs disappointing.â
Sebastian Murray
Car No. 2 â Andretti Global (Indy NXT)
Started: P18 | DNF (Lap 4) | Championship Standing: P10 (140 points)
Sponsored by: Sports.com
Rookie Seb Murrayâs weekend ended early after making contact on Lap 4 with teammate Ricardo Escotto, causing race-ending damage. After a strong opening phase where Murray climbed from P18 to P12, the collision brought a premature end to what had been a positive start.
âA super unfortunate end to today. Iâm not really sure what happened â weâll have to watch the replays and look at the data â but Iâm just glad everyoneâs okay,â said Murray. âA massive thank you to the AMR Safety team. They were on the scene incredibly quickly. Obviously, apologies to the team. It was a good weekend until the incident, and we were hoping to work our way forward.â
Matthew McGahan, Chairman & CEO of Lottery.com and Sports.com, commented:
âWeâre incredibly proud of how our drivers have performed this season so far. From pole positions to breakthrough race results, Louis, Callum, and Seb have truly delivered. This Fourth of July weekend, the Lottery.com and Sports.com brands were flying the flag â with strong visibility on the cars and in the paddock throughout a high-profile holiday event.
âIt was also exciting to see Callum and Louis racing wheel-to-wheel for P13 and P14 â both fighting hard but keeping it clean, which speaks volumes about their professionalism and respect. Keep it shiny side up, race smart, and above all, stay safe. Weâre behind you every step of the way.â
Marc Bircham, Main Board Director of Lottery.com and Sports.com, added:
âThe performances so far this season have been nothing short of staggering. The entire Lottery.com and Sports.com family wishes Louis, Callum, and Seb the very best as the season heats up. Mid-Ohio was a test, and now we look forward to Iowa and beyond with pride and confidence.â
About Lottery.com
The Lottery.com Inc. (Nasdaq: LTRY, LTRYW) family of brands â including Sports.com, Tinbu and WinTogether, comprise a unified ecosystem that integrates gaming, entertainment and sports. Follow the Company on X, Instagram and Facebook.
This press release was published by a CLEARÂŽ Verified individual.
CONTACT: For more information, please visit www.lottery.com or contact our media relations team at [email protected]
Nasdaq:LTRY
Fourth of July Weekend: Lottery.com and Sports.com Drivers Revved Up for Mid-Ohio Challenge

A Media Snippet accompanying this announcement is available by clicking on this link.
LEXINGTON, Ohio, July 04, 2025 (GLOBE NEWSWIRE) — Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (âLottery.comâ or âthe Companyâ), a leading technology company transforming the intersection of gaming, sports and entertainment, today announced that the Lottery.com and Sports.com-sponsored driver trio returns to action this weekend for Round Nine of the 2025 NTT INDYCAR SERIES and INDY NXT by Firestone Championships at one of the sportâs most historic and technical venues: the Mid-Ohio Sports Car Course.
Set in the rolling hills of Ohio, the 13-turn, 2.258-mile permanent road course is known for its flowing layout, blind corners, and punishing precision. Mid-Ohio has long been a proving ground for future champions, and with five races in July, this event marks the beginning of a pivotal stretch for both title contenders and rookies alike.
Louis Foster
Car No. 45 â Rahal Letterman Lanigan Racing (INDYCAR)
Sponsored by: Sports.com
After claiming his first career pole position at Road America, Louis Foster heads into RLLâs home race at Mid-Ohio with renewed confidence and focus. The British rookie has impressed with his speed throughout the season, boasting an average starting position of 12.89 across nine races.
âIâm really proud to represent RLL at such an important race for the team,â said Foster. âI won here in Indy NXT in 2023, so itâs a track with good memories for me. Thereâs nowhere to hide at Mid-Ohio, especially in this level of competition. But if we keep qualifying like we have, and execute races cleanly, thereâs no reason we canât come away with a big result.â
Currently just two points off the lead in the Rookie of the Year standings, Foster sees the intense July schedule as a chance to build momentum and consistency.
Foster added, âOf course, while the qualifying results have been good, the races have been a challenge. Thereâs so much to get right in INDYCAR. But weâve been working hard with the team and engineers, and now weâre into a rapid-fire run of races. Itâs time to build something.â
Callum Ilott
Car No. XX â PREMA Racing (INDYCAR)
Sponsored by: Lottery.com
Callum Ilott returns to Mid-Ohio looking to carry forward the gains made at Road America, where he secured his best result of the season with P15. The track is a known battleground, famous for its technical challenge, and will feature 90 laps this yearâ10 more than in 2024.
This marks PREMA Racingâs first visit to Mid-Ohio with the new INDYCAR hybrid power unit, placing extra emphasis on the weekendâs two practice sessions to gather crucial data.
âMid-Ohio is a real driverâs trackâlots of flow, elevation, and little room for error. The teamâs still building experience with the hybrid package, so Friday and Saturday are key to getting up to speed,â said Ilott. âLast year the race could be won from anywhere, so itâs about keeping options open and nailing the strategy.â
PREMA made adjustments to its approach following winter changes to Turn Four and the Esses section, and Ilott aims to improve on his personal best result at this circuit.
âRoad America showed weâre moving in the right direction. Iâm excited to see what we can unlock here with the right setup and clean stints.â
Sebastian Murray
Car No. 2 â Andretti Global (INDY NXT)
Sponsored by: Sports.com
Seb Murray will make his Mid-Ohio debut this weekend with Andretti Cape, coming off the back of a strong Road America performance where he surged from P14 to P11 and was named Jostensâ Biggest Mover. That race marked his best road course finish in Indy NXT so far.
The 2.258-mile circuit will provide another test for the Scottish rookie, with high-speed sections, elevation changes, tight technical corners and a narrow racing ribbon demanding full focus.
As the Indy NXT field tightens heading into a busy July calendar, Murrayâs recent form positions him as one to watch in this next phase of the championship.
Broadcast Schedule â Mid-Ohio Sports Car Course
Watch Live in the USA and UK
Friday, July 4
– Practice 1: 4:30 PM ET / 9:30 PM UK (FS2 / Sky Sports F1)
Saturday, July 5
– Practice 2: 10:30 AM ET / 3:30 PM UK (FS1 / Sky Sports Mix)
– Qualifying: 2:30 PM ET / 7:30 PM UK (FS1 / Sky Sports F1)
Sunday, July 6
– Race Start: 1:22 PM ET / 6:22 PM UK (FOX / Sky Sports Mix)
Lottery.com and Sports.com continue to accelerate global brand momentum by backing the next generation of elite racing talent. With consistent performances and growing exposure across the U.S. and Europe, the Mid-Ohio weekend is another vital step in an ambitious season-long campaign.
Matthew McGahan, Chairman & CEO of Lottery.com and Sports.com, commented:
âWeâre incredibly proud of how our drivers have performed this season so far. From pole positions to breakthrough race results, Louis, Callum, and Seb have truly delivered. As we head into this special Fourth of July weekend, weâre cheering them on to keep the momentum going. Keep it shiny side up, race smart, and above all, stay safe. Weâre behind you every step of the way.â
Marc Bircham, Lottery.com Director and Sports.com Director of Acquisitions, added:
âThe performances so far this season have been nothing short of staggering. The entire Lottery.com and Sports.com family wishes Louis, Callum, and Seb the very best this weekend. Mid-Ohio is a driverâs track, and we know these three are ready to deliver. Letâs go get itâsafe, fast, and focused.â
About Lottery.com
The Lottery.com Inc. (Nasdaq: LTRY, LTRYW) family of brands â including Sports.com, Tinbu and WinTogether, comprise a unified ecosystem that integrates gaming, entertainment and sports. Follow the Company on X, Instagram and Facebook.
This press release was published by a CLEARÂŽ Verified individual.
CONTACT: For more information, please visit www.lottery.com or contact our media relations team at [email protected].
Nasdaq:LTRY
Lottery.com Closes in on Legal Action Against Coordinated âShort and Distortâ Campaign

FORT WORTH, Texas, June 27, 2025 (GLOBE NEWSWIRE) — Lottery.com Inc. (NASDAQ: LTRY, LTRYW) (âLottery.comâ or âthe Companyâ), a leading technology company transforming the intersection of gaming, sports and entertainment, today confirmed that it is nearing legal proof of a coordinated and unlawful âshort and distortâ campaign targeting the Company. In collaboration with its legal counsel, Paul Hastings LLP, the Company is actively pursuing all individuals and entities engaged in market manipulation intended to damage the Companyâs share price and reputation.
Christopher Gooding, Independent Director of Lottery.com and a member of the Audit Committee with responsibility for legal affairs, issued the following statement:
âThere is no doubt that there is an orchestrated campaign against Lottery. The trading metrics and forensic data we have access to clearly indicate both classic âshort and distortâ tactics, and more seriously, a significant volume of naked short selling â illegal trades not backed by actual share ownership.
âThese actors fall into three categories:
- âAggressive and embittered insiders, who appear to be leveraging confidential or insider information from their historical relationships with Lottery.com for self-serving purposes. I outlined elements of these insiders to the judge in a Delaware action earlier this year;
- âProfessional short-sellers, aided and abetted by complicit brokers â some of whom are actively engineering mechanisms to facilitate, or are willfully ignoring, illegal naked short activity; and
- âOpportunistic traders, influenced by blogs, shorting platforms, and âpay-to-publishâ media articles that amplify false and defamatory narratives. These clearly represent the âdistortâ component of the campaign. Numerous cease-and-desist letters have already been issued.
âOur message to these parties is unequivocal: We know who you are. We are rapidly securing irrefutable legal evidence of your involvement â including the brokers operating both in the U.S. and offshore in jurisdictions such as the Caribbean. We will pursue damages vigorously and refer the evidence to the appropriate regulatory authorities.
âYour days are numbered. We will shut you down, and the financial penalties imposed will far exceed the unlawful profits you have sought to extract from our shareholders.â
Lottery.com reiterates its commitment to protecting shareholder value, market integrity, and the long-term growth of its global operations.
About Lottery.com
The Lottery.com Inc. (NASDAQ: LTRY, LTRYW) family of brands â including Sports.com, Tinbu and WinTogether, comprise a unified ecosystem that integrates gaming, entertainment, and sports. Follow the Company on X, Instagram and Facebook.
Forward-Looking Statements
This press release contains statements that constitute âforward-looking statementsâ 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 Companyâs strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words âcould,â âshould,â âwill,â âmay,â âbelieve,â âanticipate,â âintend,â âestimate,â âexpect,â âproject,â âinitiatives,â âcontinue,â 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 managementâs 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, expectations related to the investigation of short selling or potential naked short selling, including the Companyâs analysis, its ability to take appropriate corrective action, or any potential investigations by regulators; any future findings from ongoing review of the Companyâs internal accounting controls; additional examination of the preliminary conclusions of such review; the Companyâs ability to secure additional capital resources; the Companyâs ability to continue as a going concern; the Companyâs ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq; the Companyâs ability to regain compliance with the Bid Price Requirement; the Companyâs ability to regain compliance with Nasdaq Listing Rules; the Companyâs ability to become current with its SEC reports; and those additional risks and uncertainties discussed under the heading âRisk Factorsâ in the Form 10-K/A filed by the Company with the SEC on April 22, 2025, 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 SECâs 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 CLEARÂŽ Verified individual.
CONTACT: For more information, please visit www.lottery.com or contact our media relations team at [email protected]
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