Lottery.com enters MOU with PlusEVO to acquire gaming platform for $1.5M

Lottery.com (LTRY) entered into a Memorandum of Understanding with PlusEVO to acquire an advanced lottery management system and gaming platform, strengthening its international expansion efforts. The platform is designed to support multiple gaming applications, including lottery and sweepstakes, that provide a localized user-experience while adhering to all regulatory requirements. Owning its proprietary technology stack allows Lottery.com to maximize operational efficiencies, enhance margins, and drive long-term value creation. Rather than relying on third-party licensing agreements, the company will have full control over its technical roadmap, enabling the customization of development initiatives for global market expansion. The Company and seller have agreed to an all-stock purchase price of $1.5M payable over 30 months with a share value of $3. Matthew McGahan, Chairman of Lottery.com, commented, “This acquisition strengthens our long-term position, giving us the flexibility and control to accelerate our expansion into Europe, Africa, and other emerging markets. By owning and controlling the technology behind our platform, we eliminate reliance on third parties, allowing us to move faster, innovate more effectively, and enhance the customer experience. Our successful fundraising efforts have allowed us to accelerate our international growth strategy by more than nine-months.”