Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 239

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 239
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041 | ) |     |     | 4,247,197 |   |     |     |       57 | % |
| Income tax expense (benefit)  |     |                                   |       8,300 |   |     |   |          - |   |     |     |     8,300 |   |     |     |      100 | % |
| Net loss                      |     |                                   | (11,725,538 | ) |     |   | (7,470,041 | ) |     |     | 4,255,497 |   |     |     |       57 | % |

| F-38 |

Revenue.

Revenue. Revenue for the six
months ended June 30, 2024 was $516 thousand, a decrease of $759 thousand, or 60%, compared to revenue of $1.3 million for the six months
ended June 30, 2023. $338 thousand of the decrease was in the core domestic lottery business, $322 thousand was in Tinbu, and $97 thousand
was in Global Gaming.

Cost of Revenue. Cost of revenue
includes product costs, commission expense to affiliates and commercial partners, and merchant processing fees. Cost of revenue for the
six months ended June 30, 2023 was essentially the same as for the six months ended June 30, 2023. Lower costs of revenue for the core
lottery platform were offset by increases

Gross Profit. Gross profit
for the six months ended June 30, 2024 was $387 thousand compared to $1.1 million for the six months ended June 30, 2023, a decrease
of $757 thousand, or 66%. The change in gross profit is correlated to the change in revenue as described above.

Operating Costs and Expenses.

|                               |     | For the six months Ended June 30, |             |   |     |      |            |   |     |          |           |   |     |          |     |   |
|                               |     |                              2024 |             |   |     | 2023 |            |   |     | $ Change |           |   |     | % Change |     |   |
| Operating expenses:           |     |                                   |             |   |     |      |            |   |     |          |           |   |     |          |     |   |
| Personnel costs               |     |                                   |