Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 18

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1
Chunk 18
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, if at all. Future financing options available to the Company include equity financings, debt financings or other
capital sources, including collaborations with other companies or other strategic transactions. Equity financings may include sales of
common stock. Such financing may not be available on terms favorable to the Company or at all. The terms of any financing may adversely
affect the holdings or rights of the Company’s stockholders and may cause significant dilution to existing stockholders. There can
be no assurance that the Company will continue to be successful in obtaining sufficient funding on terms acceptable to the Company, if
at all, which would have a material adverse effect on its business, financial condition and results of operations, and it could ultimately
be forced to discontinue its operations and liquidate. These matters, when considered in the aggregate, raise substantial doubt about
the Company’s ability to continue as a going concern for a reasonable period of time which is defined as within one year after the
date that its current financial statements are issued. The accompanying financial statements do not contain any adjustments to reflect
the possible future effects on the classification of assets or the amounts and classification of liabilities that might result from the
outcome of this uncertainty. For more information, see the risk factors in Item 1A of this Report under the heading “ Risks Relating
to the Internal Investigation, Restatement of our Consolidated Financial Statements, Our Ability to Continue as a Going Concern, Our Internal
Controls and Related Matters.”

Regulation
and Compliance

We
are subject to a variety of laws in the U. S. and abroad that affect our business, including federal, state and territorial laws regarding
lotteries, gaming, sweepstakes, consumer protection, electronic marketing, data protection and privacy, competition, taxation, intellectual
property, export, and national security, all of which are continuously evolving. The scope and interpretation of the laws that are or
may be applicable to us are often evolving or new and uncertain and may conflict with each other, particularly those governing our international
operations.

   9  

While raising revenues for the
particular country, state, or authorizing jurisdiction, lottery and gaming laws are generally based upon declarations of public policy
designed to protect consumers from fraud and other misdeeds. To protect consumers, stringent laws and regulations have been established
per jurisdiction to ensure that participants in the industry meet certain standards which may require participants to:

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