Lottery.com Boosts Global Reach with $1.5M Spektrum Acquisition

A Tech Play for International Growth

Spektrum’s system lets the company run lotteries, sweepstakes, and social gaming in dozens of countries, all compliant and ready to roll.

CEO Matthew McGahan calls it a “pivotal step” toward making Lottery.com a global name. With this, they’re gearing up to relaunch ticket sales and chase revenue worldwide.

The move fits a bigger plan. After a 2024 executive summit, Lottery.com’s eyeing expansion beyond the U.S. Spektrum’s tech gives them control, think in-house tools to scale fast and dodge third-party hiccups.

McGahan says it’s about trust and reach, building a brand folks recognize from Texas to Tokyo. Plus, it’s their first closed deal of the year, setting the tone for more to come.

Targeting New Markets

Lottery.com’s got its sights on Europe, Africa, and Asia, regions ripe for digital gaming. Spektrum’s platform unlocks multi-jurisdictional operations, so they can flip the switch in dozens of spots at once.

That’s a leap from their U.S.-focused roots. The company’s betting on a broader audience, think casual players in London or sweepstakes fans in Nairobi. McGahan ties this to revenue growth, and fast. With the tech in hand, they’re not just dipping toes; they’re diving into international waters.

This isn’t a one-off. Lottery.com hints at more moves in 2025, both at home and abroad. The Spektrum deal sets up “Lottery.com International,” a new arm to tackle global markets. For now, they’re polishing the platform, syncing it with existing ops, and prepping for a ticket sales reboot.