Lottery.com will become a publicly traded company on the Nasdaq Stock Exchange, after Trident Acquisition Group signs a binding letter of intent to acquire the broker.
The online platform allows players to purchase tickets for official state-sanctioned lottery games across the United States, including Powerball and Mega Millions.
The broker in addition provides historical lottery data through its information portal, such as jackpot analysis and previous winning numbers.
Lottery.com is currently live in 10 states, while also offering its games and data in several other countries.
And it will now be made public on the Nasdaq exchange thanks to the merger with Trident, a special purpose acquisition company.
Trident announced that it has entered into a binding letter of intent for a business combination transaction with Lottery.com, in an effort to help achieve the latter’s goal of becoming a global lottery marketplace.
“Lottery.com has developed an innovative platform that is revolutionizing the lottery industry and bringing it into the digital age,” said Trident President Marat Rosenberg.
“With a history of substantial revenue growth and an expanding user base in a relatively short period of time, we believe that Lottery.com has the potential to solidify its place as the leading online platform for gambling. lottery in the world.
Lottery.com co-founder and CEO Tony DiMatteo believes the merger will bring the company closer to its ultimate goal.
He said, “As we seek to capitalize more on current trends with more consumers shopping at home and interacting through mobile apps than ever before, we believe the combination with Trident will provide us with sufficient capital to accelerate our business. growth and move into our next step. a public company. “
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