- CEO
- Edward J. Tobin
- Sector
- Consumer Cyclical
- Industry
- Gambling, Resorts & Casinos
- Address
- 1055 West Georgia Street Vancouver BC Canada V6E 4N7
- IPO Date
- Aug 21, 2017
- Business
- LottoGopher Holdings Inc. operates as a lottery messenger service company primarily serving the state of California, providing consumers a legally compliant platform to order and manage state lottery tickets online. The company owns and operates key websites including LottoGopher.com, which facilitates the purchase of official California lottery tickets using debit or credit cards, and FreeLotto.com, which offers free online sweepstakes games supported by a membership and paid subscription service model. Its core products and services include lottery messenger services that allow customers to select lottery numbers or use random number generators, track tickets and winnings, and participate in various state lottery draws such as Powerball, Mega Millions, and SuperLotto Plus. Additionally, LottoGopher provides expert jackpot and lottery resources and supports payment processing integrations including traditional credit cards and digital currencies like Bitcoin and Ethereum. Founded in 2016 and headquartered in Vancouver, Canada, the company targets primarily millennials and recurring lottery ticket buyers who prefer online convenience.
Recent major developments include LottoGopher's acquisition of an 88% stake in PlasmaNet, Inc., a leading online sweepstakes company that owns the FreeLotto.com platform. This strategic acquisition expanded LottoGopher’s business into the global online sweepstakes market and subscription-based gaming services, broadening its revenue model and customer acquisition capabilities. The company has focused on reinforcing its presence in California's $6.3 billion lottery market with plans for expansion into other U.S. states. It also amended investor relations agreements to allow fee payments in common shares to preserve cash flow. LottoGopher maintains a strategically scalable subscription revenue model with nearly 20,000 active FreelottoPlus subscribers paying monthly fees, underpinning its growth potential in the online lottery and gaming industry. This expansion and diversification position LottoGopher as a multifaceted player in lottery, online gaming, sweepstakes, and digital marketing segments within North America and internationally.