Lottery.com has taken a major step in its global expansion strategy by acquiring Spektrum from PlusEvo in a $1.5 million stock transaction. This move strengthens Lottery.com’s foothold in international markets, providing a regulatory-compliant platform for lottery, sweepstakes, and social gaming operations.
A Strategic Acquisition for Growth
The deal, finalised on 13 March 2025, is part of Lottery.com’s vision to scale operations across Europe, Africa, and Asia. By integrating Spektrum’s platform into its Lottery.com International division, the company gains enhanced technological capabilities and expanded jurisdictional compliance.
Chairman and CEO Matthew McGahan highlighted the significance of this acquisition, stating:
“Owning and controlling our proprietary technology strengthens our ability to scale operations worldwide and aligns with our commitment to relaunch Lottery.com’s ticket sales operations. This tech deal is the first closed deal of 2025, marking an exciting milestone following our successful executive summit.”
A Year of Expansion
This acquisition follows several key governance and financial decisions for Lottery.com:
- A shareholder meeting approved key financial and governance proposals, including electing a new board director and appointing an independent accounting firm.
- The company rejected a reverse stock split, despite shareholder approval.
- In late 2023, Lottery.com secured an $18 million investment from Prosperity Investment Management, earmarked for acquisitions and global expansion.
With this latest acquisition, Lottery.com is set to accelerate its presence in international markets, solidifying its position as a leader in the lottery and social gaming industry.