Sports

Lottery.com Secures $100M Funding Deal for Global Expansion

Lottery.com (NASDAQ: LTRY) has filed an amended S-1 registration statement with the SEC related to a $100 million committed stock purchase agreement with Generating Alpha signed in November 2024. The agreement gives the company the right, but not obligation, to draw down capital through common stock sales. […]

Published

1 month ago

April 25, 2025

Your Sports Nation

Lottery.com (NASDAQ: LTRY) has filed an amended S-1 registration statement with the SEC related to a $100 million committed stock purchase agreement with Generating Alpha signed in November 2024. The agreement gives the company the right, but not obligation, to draw down capital through common stock sales.

The funding will support the company’s strategic initiatives including:

Resumption of core domestic lottery operations and sweepstakes
International lottery expansion into Mexico, Africa, Asia, and Europe
Growth in digital sports and entertainment media through Sports.com platform
Strategic acquisitions across Lottery.com and Sports.com properties

The company maintains compliance with Nasdaq listing requirements and SEC regulations as it positions for growth in the $2.4 trillion global streaming and sports content market.

Positive

$100M committed funding facility provides financial flexibility

Maintains Nasdaq listing compliance

Strategic expansion into international markets

Owns valuable digital assets (Lottery.com and Sports.com domains)

No immediate dilution pressure due to optional draw-down structure

Negative

Stock sale agreement may lead to future dilution

Registration statement not yet effective

Requires operational relaunch of core business

Subject to various regulatory risks and uncertainties

Insights

Lottery.com secures $100M flexible funding agreement, providing critical capital access for strategic turnaround without immediate dilution pressure.

The $100 million committed stock purchase agreement with Generating Alpha represents a strategic financial mechanism for Lottery.com’s turnaround efforts. Unlike traditional financing, this structure gives the company discretionary drawing rights – allowing management to access capital through common stock sales when needed without immediate dilution constraints.

This arrangement provides significant financial flexibility at a critical juncture, as the company prepares to resume domestic lottery operations, expand internationally, and grow its Sports.com platform targeting the digital sports entertainment market. The capital access could accelerate their stated “buy-and-build” acquisition strategy across both verticals.

Two important technical considerations: First, the S-1 registration statement has not yet been declared effective by the SEC, meaning this capital source remains pending regulatory approval. Second, while the funding mechanism offers flexibility, any future drawdowns will involve issuing new shares with potential dilution implications.

The company’s maintained Nasdaq compliance provides regulatory stability supporting their operational relaunch. However, execution challenges remain substantial as noted in their forward-looking statements disclaimer.

04/25/2025 – 11:30 AM

$100 Million Committed Stock Purchase Agreement to Fuel Strategic Turnaround and Expansion

FORT WORTH, Texas, April 25, 2025 (GLOBE NEWSWIRE) — Lottery.com Inc. (Nasdaq: LTRY), a leading technology company a leading technology company in digital lottery, charitable sweepstakes and sports entertainment, today announced the filing of an amended registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”). The filing is related to the registration of shares issuable under a $100 million committed stock purchase agreement (“SPA”) with Generating Alpha Ltd., along with audited financial statements for the fiscal year ended December 31, 2024.

Under the SPA with Generating Alpha, signed in November 2024, Lottery.com has the right—but not the obligation—to draw down up to $100 million in capital through the sale of common stock. This committed funding provides the Company with strategic flexibility to support its operational relaunch, revenue growth, and rapid expansion into the digital entertainment media sector.

Strategic Highlights from the S-1 Filing:

Operational Relaunch: Lottery.com is preparing to resume its core domestic lottery operations, has restarted sweepstakes, and initiated international lottery revenue programs to support its existing business in Mexico and expand to Africa, Asia, and Europe.
Growth in Digital Sports and Entertainment Media: Through its Sports.com platform, the Company is targeting the rapidly growing $2.4 trillion global streaming and sports content market, with plans for original content production and immersive fan engagement.
Flexible Capital Access: The $100 million SPA with Generating Alpha allow the Company to control its capital deployment, enabling it to scale without immediate dilution pressures.
Premium Digital Assets: Lottery.com and Sports.com represent high-value domain IP. The strength of those brand names is key to the Company’s brand positioning and competitive advantage in the digital entertainment landscape.
NASDAQ and SEC Compliance: The Company remains in full compliance with Nasdaq’s continued listing requirements and SEC regulations, reinforcing its stability as it repositions for growth.

Matthew McGahan, Chairman and CEO of Lottery.com, commented:
“With the flexibility of our $100 million committed capital facility and a clear roadmap for operational resurgence, revenue growth, and digital media expansion, Lottery.com is poised to capitalize on emerging opportunities in both the lottery and sports entertainment sectors. Access to this type of funding will allow us to progress to our aggressive buy-and-build strategy and complete our pipeline of strategic acquisitions across Lottery.com and Sports.com in the immediate future. Our re-entry into the market is backed by strategic vision, high-value digital assets and the financial agility to scale—creating far stronger shareholder value.”

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Important Notice Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company’s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “initiatives,” “continue,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, any future findings from ongoing review of the Company’s internal accounting controls, additional examination of the preliminary conclusions of such review, the Company’s ability to secure additional capital resources, the Company’s ability to continue as a going concern, the Company’s ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company’s ability to regain compliance with the Bid Price Requirement, the Company’s ability to regain compliance with Nasdaq Listing Rules, the Company’s ability to become current with its SEC reports, and those additional risks and uncertainties discussed under the heading “Risk Factors” in the Form 10-K/A filed by the Company with the SEC on April 22, 2024, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.

This press release was published by a CLEAR® Verified individual.

For more information, please visit www.lottery.com or contact our media relations team at press@lottery.com.

FAQ

What is the value of Lottery.com’s (LTRY) new stock purchase agreement with Generating Alpha?

Lottery.com has secured a $100 million committed stock purchase agreement with Generating Alpha , signed in November 2024.

How will Lottery.com (LTRY) use the funds from the stock purchase agreement?

The funds will support operational relaunch, revenue growth, international expansion, and growth in digital sports entertainment through Sports.com platform.

What markets is Lottery.com (LTRY) planning to expand into?

The company plans to expand its international lottery operations into Mexico, Africa, Asia, and Europe.

What is the size of the market opportunity Lottery.com (LTRY) is targeting through Sports.com?

Through Sports.com, the company is targeting the $2.4 trillion global streaming and sports content market.

Sports

CCU IN OMAHA: Chants Sweep Auburn Super Regional, Book Return Trip To MCWS

Story Links AUBURN, Ala. — Coastal Carolina University Baseball is headed to the Men’s College World Series for the second time after sweeping the Auburn Super Regional with a 4-1 victory over the fourth-seeded Tigers on Saturday inside Plainsman Park. The No. 13 Chanticleers […]

Published

45 minutes ago

June 8, 2025

Your Sports Nation

AUBURN, Ala. — Coastal Carolina University Baseball is headed to the Men’s College World Series for the second time after sweeping the Auburn Super Regional with a 4-1 victory over the fourth-seeded Tigers on Saturday inside Plainsman Park.

The No. 13 Chanticleers (53-11) won their 23rd-straight game and swept a ninth-consecutive weekend series.

Tied 1-1 in the seventh, Sebastian Alexander sparked a rally with a leadoff double. Walker Mitchell delivered the go-ahead RBI single to left, and two more runs came across on a fielding error and a bases-loaded hit-by-pitch.

Mitchell added insurance in the eighth with another RBI single, finishing 3-for-5 with two RBIs. Alexander doubled twice and scored twice as part of a three-hit day.

Jacob Morrison was strong in his start, scattering six hits and one run while striking out six over six innings. Hayden Johnson closed the door with three scoreless frames, striking out five to earn the win in relief and improve to 5-0.

Auburn (41-20) managed eight hits but left 11 runners on base. The Tigers took a 1-0 lead in the second on a two-out RBI single from Chase Fralick but were blanked the rest of the way.

Coastal Carolina will make its second-ever College World Series appearance next week in Omaha.

Notebook
Chants Headed Back to Omaha: Coastal Carolina advances to the College World Series for the second time in program history and first since capturing the national title in 2016. The Chanticleers are riding a 23-game winning streak, the nation’s longest active streak.

Mitchell Delivers in the Clutch: Walker Mitchell provided the go-ahead RBI in the seventh and an insurance RBI in the eighth, finishing 3-for-5. He has recorded multiple hits in five of the last six games.

Alexander Sets the Table: Sebastian Alexander went 3-for-4 with two doubles, a walk and two runs scored. He now has 12 doubles this season and has hit safely in 14 of his last 15 contests.

Morrison and Johnson Shine on the Mound: Starter Jacob Morrison allowed just one run over six innings in a no-decision, while Hayden Johnson tossed three shutout frames to earn the win. Johnson improved to 5-0 on the season with a 3.03 ERA across 32.2 innings.

Bodine Nears Defensive Milestone: Catcher Caden Bodine threw out two runners in Friday’s win and added another strong defensive effort behind the plate Saturday. With 45 career runners caught stealing, he is one shy of tying the program record of 46.

Up Next: Coastal Carolina will await its opening-round matchup in Omaha. The College World Series begins Friday, June 13, at Charles Schwab Field in Omaha, Nebraska.

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Sports

Ryder Dodd Wins 2025 Cutino Award

Published

52 minutes ago

June 8, 2025

Your Sports Nation

UCLA freshman Ryder Dodd has been awarded the 2025 Peter J. Cutino Award, recognizing him as one of the top players in NCAA water polo. Dodd is the first Bruin to win this honor since 2021 and the fifth overall in UCLA men’s water polo history. His outstanding performance included scoring twice in the NCAA Championship game, helping the Bruins secure their 13th national title. Additionally, Dodd set a league record with 102 goals during the season, further solidifying his impactful debut. He also earned multiple accolades, including ACWPC National Player of the Year and MPSF Player and Newcomer of the Year.

By the Numbers

Dodd scored a league-record 102 goals and 134 points in the season.
He scored in all 28 games of his rookie season, with multiple goals in all but one game.

State of Play

Dodd’s achievement contributes to UCLA’s legacy in water polo, marking the first time they’ve had a Cutino Award winner since 2021.
His 102 goals not only broke MPSF records but also set a UCLA freshman record, indicating his exceptional talent.

What’s Next

As with past winners, Dodd is poised to continue making significant contributions to NCAA water polo. His early success may lead to further accolades and possibly a professional career, depending on future performance.

Bottom Line

Dodd’s recognition as the Cutino Award winner exemplifies his outstanding talent and contributions to UCLA’s storied water polo program, signaling a bright future ahead for the athlete and the team.

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Sports

BISD volleyball, softball camps scheduled for this month

In addition to the upcoming basketball camps, Breckenridge High School will host a couple of volleyball camps and a softball camp later this month. Lady Bucks volleyball skills camp A Lady Bucks volleyball skills camp for incoming sixth-, seventh- and eighth-graders is scheduled for Monday and Tuesday, June 16 and 17. The camp will be […]

Published

1 hour ago

June 8, 2025

Your Sports Nation

In addition to the upcoming basketball camps, Breckenridge High School will host a couple of volleyball camps and a softball camp later this month.

Lady Bucks volleyball skills camp

A Lady Bucks volleyball skills camp for incoming sixth-, seventh- and eighth-graders is scheduled for Monday and Tuesday, June 16 and 17. The camp will be conducted by former Lady Buckaroo Jessi Warren, who recently graduated from Clarendon College, where she was a member of the women’s volleyball team. According to Warren’s Facebook page, she has committed to continuing her academic and athletic career at McMurry University in Abilene.

Warren has been playing volleyball since she was in the fourth grade. She was on the BHS volleyball team for three years and played club volleyball from the eighth grade through her junior year of high school. She has received multiple awards in high school and college.

The camp will be held in the BISD Athletic Center-Auxiliary Gym from 9 a.m. to noon and from 2 to 5 p.m. with a lunch break from noon to 2 p.m. The cost will be $80 per student. To register, call Warren at 254-477-3540.

Volleyball Little Lady Bucks Camp

Younger athletes can learn new volleyball skills and have some fun at the Volleyball Little Lady Bucks Camp, scheduled for June 23-24.

The Little Lady Bucks Camp will be for incoming first- through fifth-graders. It will be held in the BISD Athletic Center’s Auxiliary Gym from 1 to 3 p.m. each day. It will cost $40 per camper. To register, contact BHS Volleyball Coach Latisha Clark at 254-734-6407 or latisha.bartley@breckenridgeisd.org

BHS Softball Joni Jackson Hitting and Skills Camp

For those interested in softball, the BHS Softball Joni Jackson Hitting and Skills Camp will be held Monday through Thursday, June 23-26, at the Lady Bucks softball field. Jackson and BHS Head Softball Coach Jocelyn Gonzales will lead the camp for kindergarten through eighth graders.

The first two days, June 23-24, will be for kindergarteners through fourth-graders, and the last two days, June 25-26, will be for fifth- through eighth-graders. The camp will be held from 8 a.m. to noon each day.

The cost of the softball camp will be $55 per camper. Click here to register.

Sky High Volleyball Camp

Next month, a Sky High Volleyball Camp will be offered in Breckenridge. The camp will be presented by the volleyball coaches with Sky High Volleyball LLC, a competitive youth sports organization in Stephenville.

The camp will be held in the BISD Athletic Center from 1 to 4 p.m. July 28-30. The cost will be $75 per student (make checks payable to Sky High Volleyball).

For more information, call BHS Volleyball Coach Latisha Clark 254-734-6407.

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Sports

Records broken at the 2025 State Track & Field Championships

(WFRV) – Day two at the track and field state championships featured a bevy of local athletes taking home additional hardware. Ashwaubenon’s Thea Kral defended her shot put title, making it five total state championships for the Wisconsin commit. Kimberly’s Hunter Sprangers won the title in discus, claiming the discus-shot put double over the last […]

Published

2 hours ago

June 8, 2025

Your Sports Nation

(WFRV) – Day two at the track and field state championships featured a bevy of local athletes taking home additional hardware.

Ashwaubenon’s Thea Kral defended her shot put title, making it five total state championships for the Wisconsin commit. Kimberly’s Hunter Sprangers won the title in discus, claiming the discus-shot put double over the last two days.

Neenah sophomore Celia Gentile also won her second gold of the weekend (long jump, triple jump), while Notre Dame’s James Flanigan dominated the entirety of division two in both the shot put and discus.

Once again, De Pere’s Grady Lenn stole the show. He set a new state record in the 3200-meter just a day removed from doing so in the 1600-meter.

The De Pere boys (D1), Notre Dame Academy boys (D2), and Freedom girls (D2) all won team state titles.

Check out the highlights from La Crosse in the video above.

For the latest news, weather, sports, and streaming video, head to WFRV Local 5 – Green Bay, Appleton.

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Sports

Pipeline’s Gaudencia highlights beach volleyball team for continentals

By Benjamin Otieno Published on: June 08, 2025 01:15 (EAT) The national beach volleyball team was officially named on Saturday following the conclusion of the Kenya Volleyball Federation (KVF) Women’s League final and the individual awards ceremony. The team selection marks the beginning of preparations for the upcoming Continental Beach Volleyball Championship, scheduled to take […]

Published

2 hours ago

June 8, 2025

Your Sports Nation