EQL Games
Louisville, US · Founded 2010 · Delaware corporation · 20 employees on LinkedIn · 2 known investors
EQL Games is a game studio, third-party content aggregator, and licensor focused on the lottery industry, developing new game products for lotteries and players. It serves lottery operators in the U.S. and internationally.
Also known as EQL Gaming · EQL Labs · EquiLottery
Founders & leadership
EQL Games was founded in 2010 by Brad Cummings.
Board
Investors · 2
Reported raises · per SEC filings
Form D private placements$10M disclosed across 6 rounds · 2020–2024
▶$1.1MraisedApr 2025 · 14 investors · Other TechnologyRule 506(b)
- Greg BuonocoreDirector
- Seth YoungDirector
- Gary RussellDirector
- Mark MuellerDirector
- Robert SaundersDirector
- Thomas MuellerDirector
- Bradford CummingsExecutive Officer, Director
- Offering amount
- $1.1M
- Amount sold
- $1.1M
- First sale
- Oct 2024
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$3.1MraisedMay 2024 · 8 investors · Other TechnologyRule 506(b)
- Seth YoungDirector
- Greg BuonocoreDirector
- Bradford CummingsExecutive Officer, Director
- Mark MuellerDirector
- Gary RussellDirector
- Mark CraneDirector
- Thomas MuellerDirector
- Offering amount
- $3.1M
- Amount sold
- $3.1M
- First sale
- Mar 2024
- Incorporated
- Corporation, Kentucky
- Federal exemptions
- 06b
▶$450KraisedApr 2024 · 3 investors · Other TechnologyRule 506(b)
- Greg BuonocoreDirector
- Mark MuellerDirector
- Bradford CummingsExecutive Officer, Director
- Thomas MuellerDirector
- Gary RussellDirector
- Mark CraneDirector
- Seth YoungDirector
- Offering amount
- $5M
- Amount sold
- $450K
- First sale
- Mar 2024
- Incorporated
- Corporation, Kentucky
- Federal exemptions
- 06b
▶$1.1MraisedSep 2023 · 8 investors · Other TechnologyRule 506(b)
- Bradford CummingsExecutive Officer, Director
- Mark MuellerDirector
- Gary RussellDirector
- Greg BuonocoreDirector
- Thomas MuellerDirector
- Seth YoungDirector
- Offering amount
- $4.2M
- Amount sold
- $1.1M
- First sale
- Sep 2023
- Incorporated
- Limited Liability Company, Kentucky
- Federal exemptions
- 06b
▶$2MraisedMar 2022 · 1 investors · Other TechnologyRule 506(b)
- Mark MuellerDirector
- Thomas MuellerDirector
- Bradford CummingsExecutive Officer, Director
- Offering amount
- $2M
- Amount sold
- $2M
- First sale
- Feb 2022
- Incorporated
- Limited Liability Company, Kentucky
- Federal exemptions
- 06b
▶$2.1MraisedDec 2020 · 14 investors · Other TechnologyRule 506(b)
- Mark MuellerDirector
- Bradford CummingsExecutive Officer, Director
- Thomas MuellerDirector
- Offering amount
- $5M
- Amount sold
- $2.1M
- First sale
- Feb 2020
- Incorporated
- Limited Liability Company, Kentucky
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026EQL Games is a Louisville, Kentucky company operating in the lottery and gambling sector as an original game studio, a third-party content aggregator and a boutique licensor. It develops digital lottery content and curates third-party titles for lottery operators, combining licensed intellectual property, live sports themes and in-house game mechanics with the technology needed to deliver them to lottery platforms. The company states it serves lotteries and players in the U.S. and abroad.
The business is organized around four offerings: an iLottery Marketplace aggregating games from external studios; game development through the in-house studio EQL Labs; licensing of brands across lottery verticals, including instant scratch and eInstant games; and a technology layer providing a single integration that gives a lottery access to the full game library. As of its website, EQL reports 24 partner studios, more than 300 available games and 8 lotteries, and its site lists roles spanning product, game production, art, software engineering, site reliability, QA and solutions engineering.
Original titles from EQL Labs include Grand Slam and End Zone Rush, both built on a cluster/tumbler mechanic the company calls "Tumbler+", and Honey Money, a collaboration with GT Games and Greentube in which EQL Labs rebuilt the art for online scratch games for the Michigan Lottery. Deployments cited by the company include the Michigan Lottery (Detroit Tigers Grand Slam and a Detroit Lions eInstant game), the Missouri Lottery (a U.S. Soccer scratch ticket), the Maryland Lottery (a $2 Harlem Globetrotters scratch ticket), the Virginia Lottery (the "Team USA" game supplied via 916 Gaming) and the DC Lottery.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Competitors · 3
by search overlap
Companies competing with EQL Games for the same Google search keywords, organic and paid, via search-intersection analysis.
Legal entities · 1
corporate structure▸Research sources · 8
primary sources listed
- EQL Gameseqlgames.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does EQL Games do?
- Louisville-based lottery game studio, iLottery content aggregator and brand licensor serving U.S. and international lotteries.
- Who founded EQL Games?
- EQL Games was founded by Brad Cummings in 2010.
- Who are EQL Games's investors?
- EQL Games's investors include Bullpen Capital, Keyhorse Capital.
- How much funding has EQL Games raised?
- EQL Games has disclosed $10M raised across 6 rounds.
- Where is EQL Games headquartered?
- EQL Games is headquartered in Louisville, US.