Lottery.com announces $18M commitment from Prosperity Investment Management

Lottery.com announced an $18M investment commitment from Prosperity Investment Management. “The funds will be used to accelerate the company’s strategic acquisition plans and fund market development initiatives for both the Lottery.com and Sports.com brands,” the company stated. Prosperity will fund the company through an investment vehicle provided by United Capital Investments Limited.Matthew McGahan, CEO of Lottery.com, said: “Prosperity is an ideal funding partner for our Company. They appreciate the value of Lottery.com and Sports.com and are investing both capital and strategic resources to benefit both our organizations’ stakeholders. Prosperity’s expertise and network in high-profile sports arenas offer an unrivalled opportunity for brand exposure and consumer engagement. This partnership not only fortifies the company’s balance sheet but also positions us to leverage the global appeal of motorsport for market development and audience expansion.”