Lottery.com and Sports.com extend sponsorships for drivers Callum Ilott, Louis Foster, and Sebastian Murray during Detroit racing events.
Quiver AI Summary
Lottery.com Inc. and Sports.com have announced their continued sponsorship of drivers Callum Ilott, Louis Foster, and Sebastian Murray as they compete in the INDYCAR SERIES and INDY NXT in Detroit this weekend. Callum Ilott will carry the Lottery.com logo on his helmet for the remainder of the 2025 season, following his performance at the Indianapolis 500. Louis Foster, who earned Top Rookie honors at the same event, will feature Sports.com branding on his car as he aims for strong results in Detroit. Meanwhile, Sebastian Murray, as the youngest driver, will showcase Lottery.com branding, representing the firms' commitment to supporting emerging talent in motorsport. Both companies aim to leverage this sponsorship to enhance brand recognition and engage racing fans globally.
Potential Positives
- Lottery.com has extended its sponsorship with driver Callum Ilott, adding significant visibility to their brand through his helmet branding for the remainder of the 2025 season.
- Sports.com continues its partnership with Louis Foster, reflecting the company's commitment to supporting emerging racing talent and enhancing brand recognition in competitive motorsport.
- The sponsorship of three talented drivers, including Sebastian Murray, illustrates Lottery.com and Sports.com's strategic investment in global motorsport, aimed at increasing brand awareness and fan engagement.
Potential Negatives
- The press release includes a lengthy disclaimer regarding "forward-looking statements," indicating potential uncertainty and risks associated with the company's operations and future prospects, which may concern investors.
- It mentions compliance issues with Nasdaq Listing Rules and the potential inability to secure additional capital resources, raising concerns about the company's financial stability.
- The repeated focus on the company's sponsorship activities, while positive, may overshadow the lack of concrete business performance metrics or achievements, which could lead to skepticism among stakeholders about the actual impact of these sponsorships on the company's bottom line.
FAQ
What is the latest announcement from Lottery.com?
Lottery.com has extended its sponsorship of drivers Callum Ilott, Louis Foster, and Sebastian Murray for the 2025 racing season.
Which racing series are the sponsored drivers participating in?
The drivers will compete in the NTT INDYCAR SERIES and INDY NXT by Firestone during the Detroit race weekend.
What notable achievements did Callum Ilott and Louis Foster recently accomplish?
Callum Ilott had a standout performance at the Indianapolis 500, while Louis Foster earned Top Rookie Honors at the same event.
How does the Detroit street circuit challenge drivers?
The Detroit circuit features tight corners, changing surfaces, and limited overtaking zones, testing driver skill and race strategy.
What is the broader vision behind the sponsorships by Lottery.com and Sports.com?
The sponsorships aim to build long-term brand equity in motorsport, enhancing global recognition and fan engagement.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LTRY Insider Trading Activity
$LTRY insiders have traded $LTRY stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.
Here’s a breakdown of recent trading of $LTRY stock by insiders over the last 6 months:
- MATTHEW HOWARD MCGAHAN has made 0 purchases and 2 sales selling 195,000 shares for an estimated $73,450.
- CHRISTOPHER ANDERSON GOODING sold 40,000 shares for an estimated $55,599
- ROBERT J STUBBLEFIELD (Chief Financial Officer) has made 0 purchases and 5 sales selling 35,000 shares for an estimated $48,620.
- GREGORY A POTTS (CHIEF OPERATING OFFICER) has made 0 purchases and 5 sales selling 25,000 shares for an estimated $37,000.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LTRY Hedge Fund Activity
We have seen 13 institutional investors add shares of $LTRY stock to their portfolio, and 8 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VANGUARD GROUP INC added 49,364 shares (+inf%) to their portfolio in Q1 2025, for an estimated $43,933
- GEODE CAPITAL MANAGEMENT, LLC added 40,786 shares (+173.4%) to their portfolio in Q1 2025, for an estimated $36,299
- CITADEL ADVISORS LLC removed 29,297 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $26,074
- XTX TOPCO LTD removed 27,887 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $24,819
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 20,231 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $18,005
- PFG INVESTMENTS, LLC added 20,000 shares (+inf%) to their portfolio in Q1 2025, for an estimated $17,800
- VIRTU FINANCIAL LLC removed 19,796 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $17,618
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
DETROIT, May 30, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW)(“the Company” or “Lottery.com”) and Sports.com, the next-generation sports media platform, are proud to announce their continued sponsorship of three exceptionally talented drivers — Callum Ilott, Louis Foster and Sebastian Murray — as they take to the streets of Detroit this weekend in both the NTT INDYCAR SERIES and INDY NXT by Firestone.
Lottery.com branded helmet worn by Callum Ilott
Callum Ilott: Lottery.com Helmet Deal Extended Through 2025
Following his standout showing at the Indianapolis 500, Callum Ilott will now wear the Lottery.com logo front and center on his custom helmet for the remainder of the 2025 season. Driving car number 90 for the Prema racing team, Ilott represents Lottery.com’s lead entry in the top-tier INDYCAR SERIES.
“We’re proud to extend our relationship with Callum,” said Matthew McGahan, Chairman and CEO of Lottery.com and Sports.com . “I had the pleasure of spending time with Callum at the Indy 500 following his great drive, and I was really impressed not only by his ability to drive the wheels off a car, but also by his commercial understanding of how important partnerships like this are for the future. We look forward to working with Callum through this year and beyond.”
Sports.com branded helmet worn by Louis Foster.
Louis Foster: Sports.com Partnership Continues Post-Indy 500
After finishing 12
th
and earning Top Rookie Honors at the Indy 500 last weekend, Louis Foster continues his strong run in the Rahal Letterman Lanigan Racing No. 45 car. The Sports.com branding will now appear on the chin of Foster’s car, showcasing the Company’s commitment to elite racing talent.
“Detroit’s a tricky track and there have been some eventful races there in recent years,” Foster commented. “The main goal is to qualify well and stay out of trouble to keep our momentum going.”
“It’s just, like, super bumpy,” he added . “It’s really short and narrow. For us to be on the limit and not end up in the wall, it just makes it very, very challenging. In some areas, it’s very narrow. In others, you have different tarmacs in different corners, which makes it hard to feel the grip of the car.”
“Not only did Louis deliver one of the outstanding drives of the Indy 500 weekend,” said Marc Bircham, Director of Sports.com , “but having spent time with him personally, I can say he’s got a fantastic personality — every sponsor’s dream. He has a great racing pedigree. He’s the complete package.”
Sebastian Murray: Rising Star Continues Indy NXT Journey
In the INDY NXT by Firestone championship, Sebastian Murray will once again carry Lottery.com branding on the rear spoiler and nose wing endplates of his Andretti Cape Motorsports machine. As the youngest driver in the group, Murray’s progression symbolizes the long-term vision for both Lottery.com and Sports.com in supporting emerging motorsport talent and driver development.
“Sebastian represents the future,” said Marc Bircham . “He’s calm under pressure and has the talent to rise quickly through the ranks. We’re excited to watch his journey unfold and to be a part of it.”
“Marc and I also had the pleasure of spending time with Sebastian over the Indy 500 weekend,” said Matthew McGahan , “and he’s not only a charming young man but an exceptional natural driver. There’s no doubt he’s one to watch.”
Detroit Street Circuit: The Challenge Ahead
Detroit’s circuit is one of the most demanding in motorsport, with tight corners, changing surfaces, and limited overtaking zones that test both driver skill and race strategy. This marks the fourth major event in May, closing out the busiest month of the INDYCAR calendar.
Broadcast Schedule (ET):
- Fri, May 30 – Practice 1: 3:00 PM (FS2, Sky Sports F1 UK)
- Sat, May 31 – Practice 2: 9:00 AM / Qualifying: 12:00 PM (FS1, Sky Sports)
-
Sun, June 1 – Warm-Up: 9:30 AM / Race: 12:30 PM (FOX, Sky Sports F1 UK)
Triple Sponsorship, One Global Vision
This three-driver lineup exemplifies Lottery.com and Sports.com’s investment in world-class motorsport to raise global brand awareness and fan engagement. From helmet design to car decals, the brands are front and center on one of the most watched racing series in the world.
“This is more than sponsorship — it’s the start of a movement,” said Matthew McGahan . “We’re building long-term equity in the sports and entertainment verticals, and these partnerships are already delivering global brand recognition along with signaling to our shareholders that we are making strides to increase the value of our premium brand assets.”
About Lottery.com
The Lottery.com Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Sports.com, Tinbu and WinTogether, comprise a unified ecosystem that integrates gaming, entertainment, and sports. Follow the Company on X , Instagram and Facebook .
For more information, please visit www.lottery.com or www.sports.com or contact our media relations team.
Important Notice Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company’s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “initiatives,” “continue,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, any future findings from ongoing review of the Company’s internal accounting controls, additional examination of the preliminary conclusions of such review, the Company’s ability to secure additional capital resources, the Company’s ability to continue as a going concern, the Company’s ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company’s ability to regain compliance with the Bid Price Requirement, the Company’s ability to regain compliance with Nasdaq Listing Rules, the Company’s ability to become current with its SEC reports, and those additional risks and uncertainties discussed under the heading “Risk Factors” in the Form 10-K/A filed by the Company with the SEC on April 22, 2025, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/19dde0b9-86b4-4956-802f-8f1ec3fe1ab0
https://www.globenewswire.com/NewsRoom/AttachmentNg/6f7ef34f-55a7-4558-9225-72e72363a259
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