In order to secure a crucial technological platform to support its expansion goals, Lottery.com Inc. has completed the acquisition of Spektrum Ltd. from PlusEvo Ltd. The transaction, which was finalized on March 13, 2025, through a share purchase agreement, is worth $1.5 million in common stock at a price of $3 per share. An important step in launching Lottery.com International and expanding into new countries is this acquisition.
Chairman and CEO Matthew McGahan emphasized the importance of the move, stating, “Owning and controlling our proprietary technology strengthens our ability to scale operations worldwide, aligns with our commitment to relaunch Lottery.com’s ticket sales operations, and unlocks greater geographical revenue opportunities—ultimately delivering increased value to our shareholders.”
Expanding Global Footprint
The company plans to leverage Spektrum’s compliant technology platform to manage lottery, sweepstakes, and social gaming activities across multiple jurisdictions. The acquisition is expected to enhance Lottery.com’s operational efficiency and create new revenue streams. McGahan also noted, “This tech deal is the first closed deal of 2025, marking an exciting milestone following our successful executive summit.”
Lottery.com has ambitious goals for 2025, with a primary focus on expanding its presence in Europe, Africa, and Asia. By broadening its brand visibility and engaging new audiences, the company aims to accelerate revenue growth.
This acquisition follows a series of strategic financial decisions by Lottery.com. Despite shareholders approving a reverse stock split, the company opted against it, signaling confidence in its growth trajectory. Additionally, in late 2023, Lottery.com secured an $18 million investment from Prosperity Investment Management to fuel further acquisitions and support its global expansion goals.
With a robust strategy in place, Lottery.com is positioning itself as a major player in the international lottery and gaming industry. By owning its technology and focusing on scalable growth, the company is well-prepared for a dynamic 2025.
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