Poised to Become the Global Leader In Online Games of Chance
State lotteries are big business. They are doing a tiny fraction of the sales they could, however, because of extremely limited online sales. Seeing a huge opportunity, Tony DiMatteo and his team created Lottery.com to become the premier global marketplace for all games of chance, centering around state lotteries. In essence becoming the Door Dash for lottery tickets.
With a global addressable market of $398B today that is estimated to grow to $652B by 2025, Lottery.com has a huge future ahead.
Just as with other retail segments, consumers have begun to move online to buy their lottery tickets in states that participate. This has accelerated during the COVID-19 pandemic and given consumers’ drive for convenience will continue.
That said, currently only 6.7% of U.S. lottery sales currently take place online.
While there are no laws that prevent Lottery.com from selling any state’s lottery tickets online, they are working with state lottery directors to ensure transparency and help advance the industry. Lottery.com currently has agreements with 12 states and will be adding 10 more in 2021.
Lottery.com makes money by adding a service fee to each sale that range from $1 – $4 based on the number of tickets purchase for domestic sales. For international sales, they charge up to $5 per ticket. Lottery.com recently acquired Mexican companies Aganar and Juega Lotto which sell throughout South America. They are among the first of many strategic acquisitions to expand Lottery.com’s distribution, games, and user base.
Lotttery.com is currently profitable on sales of $10mm and expects $71M revenue in 2021, $280M in 2022, and $571M in 2023.
Lottery.com has entered into a SPAC agreement with Trident Acquisitions and will have a post-merger valuation of $526mm.
The Lottery.com executive team has experience at Expedia, Vivendi Universal Games, Disney, and their investors/advisors include: Jason Robins, CEO of Draft Kings, Peter Diamandis, Chairman of X Prize Foundation, Senator Mark Lipparelli, Former Chair of the Nevada Gaming and Control Board among others.
For more information about Lottery.com, please contact FORCE Family Office CEO, Steven Saltzstein, he’d be happy to connect you with Mr. DiMatteo at your convenience.
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