Lottery.com Inc. has announced a new sponsorship agreement with Louis Foster for the 2025 NTT IndyCar Series. The sponsorship, which was formalized through a Letter of Commitment, covers nine races and includes branding opportunities for Sports.com on Foster's crash helmet and the front wing end plate of his car. Additionally, the agreement provides media rights for promotional use and includes nine tagged social media posts. In exchange, Lottery.com will pay a total of $125,000, split equally between cash and restricted common stock. The cash payments will be distributed in equal installments over June, July, and August 2025. The details of this agreement will be included in Lottery.com's upcoming Form 10-Q filing for the second quarter.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.