Lottery.com, Inc. Recommences Ticket Operations

AUSTIN, Texas, April 25, 2023 (GLOBE NEWSWIRE) — Lottery.com, Inc. (LTRYW) (“Lottery.com” or “the Company”) announces that it has resumed ticket sales operations to support its affiliate partners through its Texas retail network. The company supplied more than seven million tickets for Texas lottery games in its first week of operation.

The Company is also delighted to announce that it has signed an exclusive affiliate agreement with International Gaming Alliance (IGA), to supply official Texas lottery tickets in the Dominican Republic. IGA has an established retail and online distribution network in the Dominican Republic with access to more than 1,000 retail distribution points. As part of the agreement IGA has facilitated the integration of Lottery.com’sket management platform into its partner’s EPOS systems. Lottery expects to begin supplying tickets during May 2023, after completion of testing.

Mark Gustavson, CEO of Lottery.com said:

“We are making great progress as a company and it is a testament to the resilience of both our operational alacrity and our people that we were able to fulfil this order in such a short time frame, after almost nine months of shutdown. We are now up and running again and able to supply tickets. Our production capacity through our retail partner network has tripled, and all machines and personnel capacity has been ramped up to supply our customers. These will include our new agreement with IGA in the Dominican Republic and we hope to announce further deals in due course.

He added: “Since my arrival, regaining compliance with the Nasdaq Listing Rules has been an absolute priority. In this regard, the new management team is working with our auditors and other advisers to substantially improve our disclosure and reporting controls, as well as implementing an overhaul of our systems of internal control. Our business turnaround is working to plan and we are optimistic about the future prospects for the business.”

Erick Caceres, Managing Partner for Dominican Republic Operations added:

“We are thrilled to partner with Lottery.com, Inc. to bring official Texas lottery tickets to the Dominican Republic. This partnership will provide an exciting opportunity for lottery enthusiasts in the Dominican Republic to participate in one of the most popular lottery games in the United States, and we look forward to delivering a seamless and secure experience through our partner retailers such as the Domloteria app and other authorized retail outlets.”

About Lottery.com, Inc.

Lottery.com, Inc. is a leading technology company that is transforming how, where and when lotteries are played. Its engaging mobile and online platforms enable players and commercial partners located throughout the United States and other countries to remotely purchase safe and legally sanctioned lottery games. Lottery participants look to the Company’s website, Lottery.com, for compelling, real-time results on over 800 lottery games from over 40 countries. Lottery. The commission remains the same: an uncompromising passion to innovate, grow a new demographic of enthusiasts, deliver responsible and trusted solutions, and promote community and philanthropic initiatives.

SOURCE: Globe Newswire.