Lottery.com completes $1.5 million Spektrum acquisition

Lottery.com Inc. has announced the successful acquisition of Spektrum Ltd. from PlusEvo Ltd. The agreement was finalized through a share purchase agreement signed on March 13, 2025.

The transaction, valued at $1.5 million in common stock at $3 per share, is part of the company’s strategic plan to expand its international operations. The acquisition provides Lottery.com with a compliant technology platform to support lottery, sweepstakes, and social gaming activities across dozens of jurisdictions worldwide. It also paves the way for the development of Lottery.com International.

Lottery.com Chairman and CEO Matthew McGahan called it a key step in expanding the company's international presence. 

"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,” he said in a statement.

“This tech deal is the first closed deal of 2025, marking an exciting milestone following our successful executive summit,” McGahan added.

According to the company, the acquisition is the first of several strategic moves planned for 2025. With an initial focus on expanding its footprint in Europe, Africa, and Asia, Lottery.com aims to broaden its brand reach, increase its global audience, and accelerate revenue growth in the months ahead.

The acquisition also follows several key moves by the company, including the decision to reject a reverse stock split despite shareholder approval.

In late 2023, the company also secured an $18 million investment from Prosperity Investment Management to support acquisitions and global expansion.