Lottery.com acquires Spektrum in $1.5m stock deal

The acquisition provides Lottery.com with a compliant platform for lottery, sweepstakes and social gaming operations across multiple international jurisdictions.

Lottery.com has finalised its acquisition of Spektrum from PlusEvo, completing a $1.5m stock transaction as part of its strategic expansion into international markets.

The deal, signed on 13 March 2025, allows Lottery.com to develop and expand its Lottery.com International division, leveraging Spektrum’s platform to support lottery, sweepstakes and social gaming operations in multiple jurisdictions.

With the acquisition, Lottery.com aims to strengthen its technological capabilities while gaining regulatory compliance in several key regions.

The company has outlined plans to use this framework to expand across Europe, Africa and Asia in the coming months.

Matthew McGahan, Lottery.com Chairman and CEO, stated:

“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.”

Good to know:

Lottery.com recently held a shareholder meeting where key financial and governance proposals were approved, including the election of a new board director and the appointment of an independent accounting firm

This acquisition follows a series of governance and financial decisions by the company, including the rejection of a reverse stock split despite shareholder approval.

The company also secured an $18m investment in late 2023 from Prosperity Investment Management, intended for acquisitions and global market expansion.

Source: gaminginsider.com

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Samuel

I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos.

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Samuel

I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos.