Company: LTRYW
Filing Date: 2025-05-14
Form Type: S-1/A
Source: 0001641172-25-010091
Chunk: 125

Company: Lottery.com Inc.
Filing Date: 2025-05-14
Form: S-1/A
Chunk 125
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 and Expenses

|                               |     | For the Year Ended December 31, |       2024 |     |     |       2023 |     |     | $ Change |   |     |     | % Change |   |
|:------------------------------|:----|:--------------------------------|-----------:|:----|:----|-----------:|:----|:----|---------:|:--|:----|:----|---------:|:--|
| Operating expenses:           |     |                                 |            |     |     |            |     |     |          |   |     |     |          |   |
| Personnel costs               |     |                                 |  4,761,186 |     |     |  4,570,206 |     |     |  190,980 |   |     |     |        4 | % |
| Professional fees             |     |                                 |  5,436,831 |     |     |  5,654,504 |     |     | (217,673 | ) |     |     |       -4 | % |
| General and administrative    |     |                                 |  3,688,547 |     |     |  3,886,886 |     |     | (198,339 | ) |     |     |       -5 | % |
| Depreciation and amortization |     |                                 |  5,020,647 |     |     |  4,891,522 |     |     |  129,125 |   |     |     |        3 | % |
| Total operating expenses      |     |                                 | 18,907,211 |     |     | 19,003,118 |     |     |  (95,907 | ) |     |     |       -1 | % |

Operating expenses for the year ended December 31, 2024 were $18.9 million, a decrease of $96,000, or (1%), compared to $19.0 million for the year ended December 31, 2023. Changes in personnel costs and general and administrative expenses essentially offset and there was a net decrease of $96,000 between professional fees and depreciation and amortization.

Personnel Costs.Personnel costs increased by $191,000, or 4%, from $4.6 million for the year ended December 31, 2023, to $4.8 million for the year ended