Welcome to our dedicated page for Lottery Com news (Ticker: LTRY), a resource for investors and traders seeking the latest updates and insights on Lottery Com stock.
The LTRY news page on Stock Titan aggregates recent announcements and media coverage related to Lottery.com Inc. (Nasdaq: LTRY, LTRYW). Lottery.com describes itself as a technology company transforming the intersection of gaming, sports and entertainment, and its news flow reflects this focus across digital lottery, sports media, motorsport sponsorships and financing activities.
Recent Lottery.com news highlights the company’s growing presence in motorsport through sponsorship of drivers in the NTT INDYCAR SERIES and INDY NXT by Firestone. Releases detail race results and performance updates for drivers such as Callum Ilott, Louis Foster and Sebastian Murray, whose cars carry Lottery.com and Sports.com branding. These stories emphasize brand visibility at high-profile events and the company’s investment in emerging racing talent.
News items also cover corporate and strategic developments, including the planned launch of the Sports.com Super App, which Lottery.com describes as a first-of-its-kind digital destination combining live streaming, community chat, stats-based social media, e-commerce, real-money and fantasy sports gaming, and sports news. Additional coverage addresses leadership appointments at Sports.com Media and Lottery.com International, as well as the creation of Sports.com Studios to produce sports-focused films, docuseries and premium digital content.
Investors and followers of LTRY stock will also find updates on financing and market-related matters, such as the expansion of a committed financing facility with Generating Alpha Ltd., the company’s announcement of regaining compliance with Nasdaq’s minimum bid price requirement, and statements regarding an alleged "short and distort" campaign and related legal steps.
By reviewing this news feed, readers can monitor Lottery.com’s latest disclosures on sponsorships, media initiatives, financing arrangements and market developments as the company pursues its stated strategy at the intersection of gaming, sports and entertainment.
Lottery.com (Nasdaq: LTRY, LTRYW) has partnered with T-Mobile to become the exclusive digital lottery brand for in-vehicle advertising. This agreement allows Lottery.com to execute geo-targeted campaigns aimed at a captive audience in rideshare vehicles. T-Mobile's Marketing Solutions team will facilitate this initiative, enabling Lottery.com to expand its brand awareness and reach in jurisdictions where it offers services. Initial results indicate high engagement and conversion rates, supporting Lottery.com’s B2C growth strategy.
Lottery.com Inc. (Nasdaq: LTRY, LTRYW) has launched LotteryLink, a significant B2B affiliate marketing initiative aimed at expanding its brand reach. Funded by $30 million from a previous sale of advertising credits, the company initiated B2C marketing campaigns in December 2021 to attract new users through targeted digital ads. The CEO emphasized a focus on user growth and capital discipline, indicating a strategy to enhance profitability through strategic initiatives like LotteryLink.
Lottery.com (Nasdaq: LTRY, LTRYW) has announced the addition of four key hires to bolster its strategic growth initiatives. Key appointments include Amy Lawrence as Vice President of Compliance, Pedro De Ona as Vice President of Research and Development, Marielle Bianchino as Vice President of Marketing, and Jim Schonewolf as Vice President of Digital Media Sales. CEO Tony DiMatteo expressed confidence in the new leadership's ability to accelerate the company's growth strategy, particularly through targeted marketing and compliance efforts in new jurisdictions.
Lottery.com (Nasdaq: LTRY) announced that CEO and Co-Founder Tony DiMatteo will participate in a fireside chat at the ICR Virtual Conference 2022 on January 11, 2022, at 8:00 AM ET. This session will be hosted by Jason Tilchen, an Equity Research Analyst at Canaccord Genuity Group. A live webcast of the event will be available on Lottery.com’s Investor Relations website, with a replay accessible for 90 days. The ICR Conference is a significant event featuring over 300 companies, focusing on insights into growth strategies and investment trends.
Lottery.com Inc. (Nasdaq: LTRY, LTRYW) has appointed Greg Potts as the Global Vice President of Affiliate Success. With over 25 years of strategic marketing experience, Potts will spearhead the company’s B2B growth strategy and oversee its newly launched Global Affiliate Marketing Program. The company plans to launch targeted customer marketing campaigns before 2021 ends, focusing on paid social media and SEO, while maintaining customer acquisition costs at approximately $4 per user. Gross profit per transaction rose to $1.69 in Q3 2021, up from $0.93 the previous year.
Lottery.com (Nasdaq: LTRY, LTRYW) will participate in the Jefferies Sports Betting and iGaming Summit on December 2, 2021, with Co-Founder and CEO Tony DiMatteo leading a fireside chat at 4:00 p.m. Eastern Time. The event provides a platform for discussing the company's innovative lottery technology and community initiatives. Interested participants can access the live webcast and its replay for 30 days here.
Lottery.com announced a video by CEO Tony DiMatteo discussing the company's Global Affiliate Marketing Program and growth initiatives. This program aims to create multiple revenue streams and enhance the B2B2C user base, with expected sales growth into Q4 2021 and beyond. Lottery.com focuses on transforming lottery play through innovative technology, catering to players and partners both domestically and internationally, while also promoting charitable giving through its platform WinTogether.org.
In the third quarter of 2021, Lottery.com reported revenues of $32.2 million, a significant increase from $1.6 million a year prior. The net income rose to $11.2 million compared to a net loss of $1.2 million in Q3 2020, reflecting strong growth driven by a global affiliate marketing program. Gross profit reached $20.3 million, up from $0.9 million, aided by a dynamic pricing model. The company anticipates meeting its full-year 2021 revenue guidance of $71 million and focuses on expanding product offerings and user base following its recent business combination with Trident Acquisitions Corp.
Lottery.com (Nasdaq: LTRY) launches the Music4ClimateJustice campaign via its platform WinTogether.org to support global climate initiatives.
The campaign, starting November 4, 2021, offers five unique prizes to incentivize donations for climate justice, benefiting various non-profits. Artists like Akon and Bootsy Collins support this initiative, focusing on raising funds to assist communities affected by climate change.
Donations can lead to prizes like an eco-experience in Norway or a trip to Belize, continuing until March 20, 2022.
Lottery.com announces the development of Project Nexus, a platform aimed at enhancing security and transparency in lotteries and online gaming. This initiative involves partnerships with leading blockchain providers to integrate blockchain technology, improving game integrity and player trust. The platform will enable players to participate in proprietary international lottery games using fiat or crypto currencies, potentially leading to multi-billion dollar jackpots. The project also emphasizes social responsibility by allowing users to vote on charity allocations from winnings.