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Lottery.com Finalizes Acquisition of S&MI Ltd

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LONDON, Aug. 14, 2024 (GLOBE NEWSWIRE) — Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”), a leading online lottery services provider announces the finalization of the acquisition of S&MI Ltd., the technology company behind the SportLocker brand and app, with the transaction set to close on September 1, 2024.

SportLocker has already been rebranded as Sports.com, and is now set to develop a premier platform for sports fans worldwide over the course of 2024/25. Sports.com is fast becoming a digital sports entertainment platform, introducing an immersive experience that combines innovative technology, expansive content, and community-driven features.

Launching into New Streaming Markets and Sports

In 2024 and 2025, Sports.com plans to venture into new streaming markets, covering a broader spectrum of sports. This includes not only traditional sports, such as soccer, but also emerging arenas in esports like sim racing, which are increasing in popularity with real world racing fans of Formula One, IndyCar and NASCAR. Fans can look forward to live streams of high-octane events, exclusive behind-the-scenes content, and in-depth analyses across a variety of sports disciplines. Sports.com has also lined up strategic acquisitions that aim to bolster the platform’s content offerings, providing fans with unparalleled access to exclusive events, teams, and personalities.

Introducing Fully Immersive Streaming Technology

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Planned to debut next year, Sports.com’s groundbreaking fully immersive streaming technology will redefine how fans engage with live sports. This innovation will allow real-time interactions, multi-angle viewing, and augmented reality experiences, ensuring maximum fan engagement like never before.

Launching a New Social Media Channel

To further enhance community engagement, Sports.com will unveil a new social media channel dedicated exclusively to sports enthusiasts. This platform will serve as a hub for fans to connect, discuss, and celebrate their favorite sports, teams, and moments, fostering a vibrant and interactive community.

Creating the Next-Gen Sports Entertainment Platform

Sports.com is seeking to revolutionize digital sports entertainment by offering 24/7 sports news, live streaming, original documentaries, films, and exclusive behind-the-scenes access. Fans will have the freedom to watch sports when and where they want, directly on their devices, regardless of their location.

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Global Expansion and Focus on Women’s Sports

Initially launching in the USA and Europe, with targeted efforts in the Middle East, Sports.com plans to extend its reach to Africa, India, South America, Asia, and Australasia. A dedicated program for women’s sports will also be introduced, aiming to drive sponsorships and generate new revenue streams for clubs and teams across the board.

Enhanced Partnerships and Content Delivery

Leveraging the Company’s established partnerships with Mobile Network Operators (MNOs), Sports.com will offer localized branded sports content services. This strategy enhances the value proposition for MNOs by catering to the growing demand for sports video content across various markets.

Driving Growth Through Premium Content and Strategic Collaborations

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Sports.com’s growth strategy focuses on premium content bundling and direct connections with MNOs for optimal user acquisition. Collaborations with exclusive marketing partners will further aid in sustainably scaling user adoption.

Matthew McGahan, Chairman and CEO of Lottery.com and Sports.com, commented:

“I am thrilled to lead Sports.com into a new era where technology and passion for sport converge to create unparalleled experiences for fans worldwide. Our vision is to revolutionize fan engagement, making every moment more interactive, accessible, and engaging. By leveraging MNO partnerships, localized content services, and community-focused features with enhanced content and technology, we’re creating a dynamic ecosystem where fans can not only consume sports but also connect and create in unprecedented ways.”

Marc Bircham, Director of Football Operations at Sports.com, added:

“The acquisition heralds a new dawn in sports entertainment. Our upcoming ventures in motor sports, sim racing, and football are set to provide fans with content that’s both engaging and groundbreaking. We’re not just changing how fans watch sports; we’re redefining how they live them.”

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Tim Scoffham, Founding Partner of S&MI Ltd, said:

“With the exciting lineup for 2024 and 2025, including new streaming markets, immersive technologies, and strategic acquisitions, we’re uniquely positioned to offer sports fans an unparalleled experience year-round.   Our vision has always been to create a comprehensive platform that serves as the go-to destination for sports fans. Sports.com accelerates that goal, providing coverage of the most anticipated events and exclusive content and insights in the sports world.”

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.

This press release was published by a CLEAR® Verified individual.

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CONTACT: Lottery.com Contact: [email protected]

Nasdaq:LTRY

Lottery.com Expands Its Global Footprint in Live Entertainment with $10M Acquisition of Concerts.com and TicketStub.com

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The Future of Ticketing, Streaming, and Events — Live Now and Ready to Scale

FORT WORTH, Texas, May 07, 2025 (GLOBE NEWSWIRE) — Lottery.com Inc. (NASDAQ: LTRY, LTRYW), a leading technology company transforming the intersection of gaming, sports, and entertainment, today announced that it has signed a Letter of Intent (“LOI”) to acquire a majority stake in DotCom Ventures Inc., a Nevada corporation (“DVI”), together with the premium domain assets Concerts.com and TicketStub.com, in a transaction valued at $10 million.

This strategic investment will form the third foundational pillar of Lottery.com’s expanding platform — standing alongside Sports.com and Lottery.com as part of a vertically integrated, multi-channel entertainment business. Together, these brands will create the concrete base of a next-generation ecosystem designed to unify content, commerce, and live experiences under a single global strategy. Concerts.com and TicketStub.com are live, operational, and built for scale — delivering real value and revenue potential from day one. The platforms feature:

  • Verified ticket inventory only — no speculative listings
  • Transparent, fan-first pricing with no hidden fees
  • Event inventory consisting of sports, concerts, comedy, esports, and festivals

Acquisition Key Highlights

  • $10M investment includes Concerts.com, TicketStub.com, and 51% of DVI
  • Live and operational platforms already serving real ticket demand
  • Best-in-class access to verified, non-speculative secondary ticket inventory
  • No hidden fees and highly competitive pricing model
  • Direct integration with Sports.com’s live streaming infrastructure
  • Dual-brand strategy: Concerts.com (premium events) + TicketStub.com (broad fan utility)
  • Positioned to be the go-to destination for live event discovery and commerce
  • Revenue-ready infrastructure supporting rapid monetization
  • Original content to be created by Sports.com Studios for both platforms

Matthew McGahan, CEO of Lottery.com and Sports.com said,

“While Concerts.com and Sports.com are hallmark media brands, we intend to make TicketStub.com the trusted ticketing site for fans of all live entertainment. Concerts.com is the perfect third vertical for our business. It will become the ticketing engine for Sports.com — giving us a unified commerce and content strategy around everything from sports to festivals to immersive experiences.”

Strategic $10 Million Investment Demonstrates Long-Term Vision

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Acquiring a majority stake in DVI represents a $10 million transaction, comprised of a strategic blend of cash, secured debt, and equity issued at up to $3.00 per share — further validating the strength of the Lottery.com and Sports.com platform.

“Deals like this, which include stock at $3 per share, reinforce the belief in the value we’re building with Lottery.com, Sports.com and now, Concerts.com,” McGahan added. “This isn’t just an acquisition; it’s a commitment to a five-year vision, and a statement to the market that we are serious about scaling globally with premium digital assets.”

A Long-Term Partnership with a Shared Vision

“Our vision of providing fans with the information and access they need to discover the live events they want can now be realized on a global scale through Concerts.com and Sports.com,” said Patrick Ogle, CEO and founder of DVI. “DVI looked at several other partners over the last year. Ultimately, we knew that these assets belong together, and fans deserve reliable access to a live entertainment platform they can trust. With the backing of Lottery.com and the infrastructure behind Sports.com, we’re building more than a platform — we’re creating a new standard for how fans connect to live experiences.”

Ogle is an entrepreneurial lawyer and digital strategist with more than two decades of experience spanning media, entertainment, and athlete representation. From his early days as an intern at Jerry Bruckheimer Films and Television and Network Music Group, to 20+ years managing the business and legal affairs of athletes and entertainers, Ogle has built a career at the intersection of entertainment and infrastructure. He is a former 15-year member of The Recording Academy, and an active voting member of the Country Music Association.

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“Patrick brings more than just the domain — he brings a deep understanding of what this vision can become,” said Gregory Potts, Chief Operating Officer of Lottery.com. “Entering into this LOI is a clear vote of confidence — not just in the value of the brands, but in our collective ability to execute together over the next five years. This is an exciting culmination of a relationship that began in 2023, appropriately, at the Pilgrimage Music Festival in Franklin, TN.”

The final transaction will include the assumption of secured notes and a multi-stage stock issuance structure, reflecting alignment and long-term commitment from all parties.

Powering the Future of Live Entertainment

Concerts.com is being designed not simply as a ticketing platform, but as a fully integrated live events engine. It will serve as the primary processor of access and fan engagement, tying directly into Sports.com’s fast-growing live streaming infrastructure.

The investment in DVI will include TicketStub.com, which will operate in parallel as a brand focused on alternative entertainment verticals, including festivals, comedy, esports, and niche lifestyle events. This dual-brand strategy allows for both mainstream and genre-specific ticketing models under the broader Concerts.com umbrella.

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As part of the short and mid-term roadmap:

  • The brand will integrate with live streaming functionality and real-time access models across all Lottery.com and Sports.com verticals
  • Sports.com’s ambassador network will amplify events across social platforms
  • Concerts.com will power bundled experiences combining tickets + content + streaming
  • Deliver to consumers crossover activations between sports, music, charitable gaming and culture
  • Sports.com Studios will create proprietary content for Concerts.com

Domain Portfolio Strength

With the addition of Concerts.com and TicketStub.com, Lottery.com will hold what it believes to be one of the strongest domain portfolios in the world. With Lottery.com, Sports.com, and now Concerts.com, the company stands alone in its control of three world-class, category-defining digital assets.

“Very few — if any — companies can claim three domains of this caliber,” said McGahan. “And we believe the combination of Lottery.com, Sports.com, and Concerts.com is without peer in the global digital entertainment space. These assets will anchor the next decade of innovation across content, commerce, and live experiences.”

McGahan went on to say that with the addition of these assets, he believes Lottery.com is arguably one of the most exciting investment opportunities on the exchange today.

“This is a unique opportunity to invest in a company with premium global assets and a bold vision for the future of entertainment, gaming and live events.”

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About Lottery.com

The Lottery.com Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Sports.com, Concerts.com, and TicketStub.com, is a unified ecosystem that integrates gaming, entertainment, and sports.

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 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 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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CONTACT: For more information, please visit www.lottery.com or contact our media relations team at [email protected].

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Sebastian Murray Makes Second INDY NXT by Firestone Start Driving No. 2 Car Sponsored by Lottery.com and Sports.com

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Strong Qualifying for Andretti Cape Driver & Red-and-Black Branding Turn Heads

BIRMINGHAM, Ala., May 05, 2025 (GLOBE NEWSWIRE) — Rising open-wheel talent Sebastian Murray made his second INDY NXT by Firestone start this weekend at the Grand Prix of Alabama, driving the No. 2 Dream Racing Dubai Dallara for Andretti Cape, backed by Lottery.com Inc. (Nasdaq: LTRY, LTRYW) and Sports.com.

Key Highlights:

  • Qualified P10 – Murray’s best qualifying result of the season so far
  • Climbed to P8 during the race before an incident forced a drop in pace
  • Finished P16, now P17 in the championship standings (27 points)
  • Next stop: Double-header at Indianapolis Motor Speedway – May 9 & 10

Murray impressed in qualifying, starting P10 on the grid at the technically demanding Barber Motorsports Park. He was running inside the top ten and pushing toward the front until a snap in the rear of the car forced him off-track in Turn 8, damaging his tires and limiting his pace over the final 26 laps.

“Our race pace was really good up until we were involved in an incident,” said Murray. “We were sitting in P8, and it was going well — we were going to collect some solid points.”

“It’s unfortunate, but I think there are a lot of positives to take from the weekend,” he added. “The team has done a great job, so thank you to everyone at Andretti Cape. We’ll move on to Indy next week, and hopefully we can get some proper points.”

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This race marked the official debut of Lottery.com and Sports.com branding on the No. 2 car and Murray’s race suit, with logos featured on the rear wing, front nose cone, and driver overalls — launching a full-season campaign that blends elite motorsport exposure with fan engagement and digital content.

Murray now prepares for a back-to-back test of endurance and precision at the Indianapolis Motor Speedway Road Course, with two INDY NXT races scheduled for May 9 and May 10.

“We’re incredibly proud of Sebastian Murray’s race,” said Marc Bircham, Director of Sports.com and Head of Sporting Acquisitions. “To qualify in the top 10 was an outstanding achievement. In my career, I’ve coached many young athletes, and the first few times on the big stage is nerve-racking. Seb showed great promise and made a gallant effort to move up to 8th position before the incident. Overall, we are pleased with his performance and are looking forward to seeing Sebastian progress as the season goes on. He’s definitely a driver for the future.”

“We were also delighted with the look of the car — the red and black design with Lottery.com and Sports.com branding stood out as the most attractive car on the grid.”

Important Notice Regarding Forward-Looking Statements 

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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 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 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.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/724aabd4-2a8b-4de7-ae2d-600625e48439

https://www.globenewswire.com/NewsRoom/AttachmentNg/32715559-f998-4b13-a748-cd122743c8be

This press release was published by a CLEAR® Verified individual.

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CONTACT: For more information, please visit www.lottery.com or contact our media relations team at [email protected].

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Alan Aaron Crowned Winner of the Donate to Win™ Miami Grand Prix Sweepstakes

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Sports.com Delivers a Weekend of Elite Racing Access, Ferrari Garage Tours, and VIP Experiences

MIAMI, 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, 2025).

The unforgettable prize package included:

  • Thursday pit lane tour, observing pit stop practice followed by a chauffeured lap around the iconic Hard Rock F1 circuit.
  • Friday hospitality dinner featuring current F1 drivers and motorsport industry leaders.
  • Second-row seats all weekend including for Saturday’s qualifying and sprint race and Sunday’s main event, the Grand Prix, offering an unparalleled view of the action, the pre-race parade, and grid activity.
  • A rare Ferrari Formula 1® garage tour, where the #44 Lewis Hamilton and #16 Charles Leclerc cars were seen in full race prep.
  • VIP paddock access and personal escort by Lottery.com CEO Matthew McGahan and Sports.com Director Marc Bircham.

As a surprise gesture, Lottery.com and Sports.com CEO Matthew McGahan personally called Alan on Sunday morning and offered one final gift. Lottery.com had managed to secure two additional second-row Start/Finish line grandstand seats for Alan’s sons, Justin and Cameron. According to Alan in an email received this morning, “this absolutely made the weekend a very special event.” He added that his family is still in shock from the truly VIP experience.

Alan Aaron, sweepstakes winner said:

“Being inside the Ferrari garage, watching both cars being prepped, and experiencing the raw power of the engine run-up with official team guidance was unlike anything I’ve seen. My son and I were completely blown away. Huge thanks to Lottery.com and Sports.com for sponsoring the Donate to Win sweepstakes and making it all happen.”

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Matthew McGahan, Lottery.com and Sports.com CEO added:

“This was a proud moment for us. It reflects exactly what we’re building with our brand—exclusive access, unforgettable moments, and a connection to meaningful causes. Alan and his son were exceptional guests, and we’re thrilled to have shared this journey with them. Thanks to Donate to Win for pulling this off in such a compacted timeframe.”

Miami GP Sweeps WInner
From left to right: Lottery.com and Sports.com CEO Matthew McGahan;
Justin Aaron; Sweepstakes Winner Alan Aaron; and
Sports.com Director Marc Bircham.

Hard Rock Miami GP
VIP On Field access at Hard Rock Stadium. From left to
right: Sweepstakes Winner Alan Aaron; Lottery.com and
Sports.com CEO Matthew McGahan; and Justin Aaron.

About the Campaign:

The Donate to Win™ Miami Grand Prix Sweepstakes marked Lottery.com’s first U.S.-based sponsored activation in over two years, signaling a major strategic milestone for the company. Proceeds supported cybersecurity education initiatives for Florida-based youth through the WinTogether Trust, a registered 501(c)(3) organization.

For full sweepstakes details, visit: www.donateto.win

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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 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 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.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/8836623f-41e6-4bd6-9b27-785cb7beffd2

https://www.globenewswire.com/NewsRoom/AttachmentNg/70a242a0-a2ee-4456-b651-fb8f9ebe9de4

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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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