Lottery.com Accelerates Global Reach with PlusEVO Acquisition

Lottery.com Inc. has announced an acquisition move that bolsters its international growth strategy by entering into a Memorandum of Understanding with PlusEVO Ltd. to acquire an advanced lottery management system and gaming platform. This acquisition aligns with Lottery.com's strategic plan to establish and grow its international operations by the end of March 2025. By transitioning from reliance on third-party licensing agreements to owning a proprietary technology stack, Lottery.com aims to maximize operational efficiencies and enhance margins. The financial terms involve an all-stock purchase valued at $1.5 million, paid over 30 months, with a share price of $3. Chairman Matthew McGahan highlighted the acquisition as a significant investment in technological independence, aimed at accelerating expansion into Europe, Africa, and emerging markets. The acquired platform's microservices architecture provides scalable and efficient operation across these regions, supporting Lottery.com's aim to innovate and improve customer experiences globally.