Lottery.com to go public through SPAC combination
| By Daniel O'Boyle
Lottery broker and information portal Lottery.com will go public on the Nasdaq exchange through a reverse merger with special purpose acquisition company Trident Acquisition Group which has signed a binding letter of intent to acquire the broker.
Lottery.com – which allows players to buy tickets for lotteries such as the US’s Mega Millions and Powerball while also providing historical lottery data – is currently live in Texas and nine other US states.
It plans to expand into more than 20, while it is authorised sell Powerball tickets in 148 different countries. From 2016 to 2019, the business has seen sales grow 279%.
“Lottery.com has developed an innovative platform that is revolutionizing the lottery industry and bringing it into the digital age,” Marat Rosenberg, chairman of Trident, said. “The company has developed a world-class safe and secure mobile lottery platform that provides users the ability to play official lottery games right from their phone.