Lottery.com (NASDAQ: LTRY, LTRYW), a leading technology company that is transforming how, where and when the lottery is played, today announced an $18 million investment commitment from Prosperity Investment Management. The company will utilize the capital to accelerate its strategic acquisition plans and fund market development initiatives for both the Lottery.com and Sports.com brands. “Prosperity is an ideal funding partner for our company,” said Lottery.com CEO Matthew McGahan. “They appreciate the value of Lottery.com and Sports.com and are investing both capital and strategic resources to benefit both our organizations’ stakeholders. Prosperity’s expertise and network in high-profile sports arenas offer an unrivalled opportunity for brand exposure and consumer engagement. This partnership not only fortifies the company’s balance sheet but also positions us to leverage the global appeal of motorsport for market development and audience expansion.”
To view the full press release, visit https://ibn.fm/leGm8
About Lottery.com Inc.
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 about the company, visit www.Lottery.com.
NOTE TO INVESTORS: The latest news and updates relating to LTRY are available in the company’s newsroom at https://ibn.fm/LTRY
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