Lottery.com Expands Through $1.5 Million Acquisition of Spektrum Ltd

Lottery.com Inc., a leading player in digital lottery and sports entertainment, has announced the completion of its acquisition of Spektrum Ltd from PlusEvo Ltd. The transaction, valued at $1.5 million in common stock priced at $3 per share, is seen as a key step in the company's strategic international expansion. Spektrum Ltd's platform will enable Lottery.com to offer lottery, sweepstakes, and social gaming in multiple international jurisdictions. Matthew McGahan, CEO of Lottery.com, expressed enthusiasm about the acquisition, stating it aligns with the firm's aim of becoming a globally recognized brand. The move will not only enhance Lottery.com's geographical reach but also support its plans to relaunch ticket sales operations and drive revenue growth. This acquisition, completed through a Share Purchase Agreement on March 13, 2025, is the first of several strategic moves planned for the year as the company targets expansion in Europe, Africa, and Asia. In anticipation of future growth and opportunities, the company has included forward-looking statements, although it recognizes these come with inherent risks and uncertainties.