Lottery.Com, Inc. Stock Returns to Trading on Nasdaq

AUSTIN, Texas, June 14, 2023 (GLOBE NEWSWIRE) -- Lottery.com, Inc. (NASDAQ: LTRY, LTRYW) ("Lottery.com" or "the Company") has returned to trading on The Nasdaq Stock Market (“Nasdaq” or the “Exchange”). This announcement follows a period of consultation with Nasdaq that ultimately led to the Company’s securities being reinstated for trading on the Exchange effective with the open of the market on Monday, June 12, 2023.

Commenting on this significant development, Mr. Matthew McGahan, Chairman of Lottery.com, expressed his satisfaction with the turnaround, stating:

"We have worked very closely alongside Nasdaq to swiftly return the Company to trading on the global Exchange. I am glad that the Nasdaq Panel Members reconsidered their prior decision and reinstated the Company’s securities for trading. This result speaks volumes for the persistent effort we have made at the Company into implementing the disclosure and reporting rules set forth by Nasdaq. Nasdaq’s reversal and reinstatement of the Company’s stock on its Exchange is an acknowledgment of the considerable progress the Company has made to that end. I extend my heartfelt gratitude to our shareholders and investors for their patience during this challenging period. The new team at Lottery.com is carefully addressing the legacy issues, ensuring that we remain up to date with our filings moving forward. Now, we can continue shifting our attention to the operational aspects of our business, which are robust.”

“Operationally speaking, we have had a clear strategy in place to capitalize on numerous exciting near-term revenue-generating prospects and partnerships.   One such opportunity is the commencement of international sales, with the Dominican Republic being our first targeted market. We are eager to redirect more of our focus towards leveraging our technology and platform to re-establish a leading position in the lottery industry.”

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. In all that it does, the Company’s mission 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 through its Lottery.com and Sports.com brands.