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Lottery.com ("Lottery.com" or the "Company"), a leading online platform to play the lottery online or from a mobile device, has announced that it has entered into an agreement with Payday Lotteries Limited ("Payday"), a federally licensed Nigeran lottery operator, to offer U.S. lottery products in Nigeria. This agreement will allow consumers in Nigeria to purchase select U.S. lottery products in the country both physically and electronically, on the Internet and through their mobile devices.
"I'm truly excited to announce our entry into the Nigerian market with our partnership with Payday Lotteries to offer genuine U.S. lottery games to a new and growing market," said Tony DiMatteo, co-founder and CEO of Lottery.com. "This continues our international expansion and highlights our commitment to our vision of being the premier global marketplace for games of chance."
The agreement allows for Payday to offer a suite of U.S. lottery products in Nigeria supplied by Lottery.com. Payday is fully licensed by the relevant authorities in Nigeria. Payday intends to work closely with the regulators to ensure the exclusive nature of the distribution is respected. Following Nigeria, the parties plan on continuing their partnership to provide the same U.S. lottery products in neighboring West African countries.
Payday intends to leverage the significant expertise of its stakeholders across all verticals of the betting industry, both in English and French speaking Africa. Payday has made significant investments in bringing its advanced digital platform solutions to the forefront of international standards, offering enhanced reliability and connectivity with a view to becoming one of Africa's leading operators. Nigeria, with a population of more than 200 million and close to 160 million mobile phone connections, features one of the largest markets on the continent.
Commenting on the agreement, Umoh Tom Umoh, Director of Payday Lotteries, stated: "We are delighted to be partnering with Lottery.com, a pioneer in the lottery industry. We are convinced that this strategic relationship with a leading brand, coupled with our technology and familiarity with the local market, will accelerate our efforts to become a top-tier player in Nigeria."
On February 22, 2021, Lottery.com entered into a definitive agreement with Trident Acquisitions Corp. (NASDAQ:TDACU, TDAC, TDACW))))) to become a publicly-traded company listed on The Nasdaq Stock Market.
