24/7 Market News Snapshot 07 May, 2025 – Lottery.com, Inc. Common Stock (NASDAQ:LTRY)

May 7, 2025

DENVER, Colo., 07 May, 2025 (www.247marketnews.com) – (NASDAQ:LTRY) are discussed in this article.
Lottery.com, Inc. (LTRY) is witnessing a remarkable surge in its stock price, recently trading at $0.969, reflecting an increase of 8.88% from the previous closing price of $0.890. The stock began trading today at $0.881, indicating a strong market interest and momentum. With a trading volume of 1.78 million shares—well above the average—LTRY is poised to test key resistance levels if it sustains this upward trend. Market analysts suggest that continued volume increases and price stability will be crucial in validating this bullish movement, indicating a potential for further growth in the coming period.

In a significant strategic move, Lottery.com has entered into a Letter of Intent (LOI) to acquire a majority stake in DotCom Ventures Inc. (DVI) for a total consideration of $10 million. This acquisition includes valuable premium domain assets such as Concerts.com and TicketStub.com, enhancing Lottery.com’s multifaceted platform. This initiative represents an important expansion of the company’s offerings, complementing its existing brands, Sports.com and Lottery.com.

The addition of Concerts.com and TicketStub.com not only expands the company’s ticketing capabilities but also positions it to tap into an existing market demand through transparent pricing and verified ticket inventories. Matthew McGahan, CEO of Lottery.com, highlighted the acquisition’s significance, asserting a commitment to delivering an unparalleled entertainment experience. Patrick Ogle, founder and CEO of DVI, also emphasized the positive synergies created by this partnership, anticipating a new standard for connecting fans with live events. This bold step reflects Lottery.com’s proactive approach to solidifying its position in the evolving global entertainment sector.

Related news for (LTRY)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.