Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 14

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1
Chunk 14
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 sweepstakes offered by WinTogether, a U. S. registered 501(c)(3) charitable organization (“ WinTogether”),
which was formed in April 2020 to support charitable, educational, and scientific causes. In consideration of our operation of the WinTogether
platform and administration of their sweepstakes, we received a percentage of the gross donations to a campaign, from which we paid certain
dividends and all administration costs.

The WinTogether platform continued
operating after the U. S. 2022 Operational Cessation, until all sweepstakes campaigns were completed and all prizes awarded. On March 29,
2023, the board of directors of WinTogether voted to suspend its relationship with the Company. On December 5, 2023, the board of WinTogether
voted to reinstate the business relationship with the Company.

On April 1, 2024, Lottery. com
resumed its sweepstakes offerings through its partnership with the WinTogether. org foundation (DBA: DonateTo. Win. In April 2025, Sports. com sponsored a sweepstakes to support the Florida International University surrounding the
Formula 1 Crypto. com Miami Grand Prix 2025.

Current
Operations

Despite the 2022
Operational Cessation, certain of the Company’s wholly owned subsidiaries have continued to operate under the direction of the
leadership teams that were in place prior to the Company’s acquisition of such companies. While the operational activities of
these subsidiaries vary, from the 2022 Operational Cessation through the date of this Report, each of our subsidiaries, namely
TinBu, Aganar and JuegaLotto has decreased its expenses and has had its revenue remain consistent or decrease slightly from
pre-Operational Cessation levels.

Data
Services

In 2018, we acquired TinBu, LLC
(“ TinBu”), a wholly owned subsidiary, which is a digital publisher and provider of lottery and other data results, jackpots,
results, and other data, as a wholly-owned subsidiary. Through TinBu, our Data Service delivers daily results of over 800 domestic and
international lottery games from more than 40 countries, including the U. S., Canada, and the United Kingdom, to over 400 digital publishers
and media organizations. See “ Item 1A. Risk Factors - We are party to pending litigation and investigations in various
jurisdictions and with various plaintiffs and we may be subject to future litigation or