Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 153

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 9
Chunk 153
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Item
9A. Controls and Procedures

Evaluation
of Disclosure Controls and Procedures

As
previously disclosed, in connection with the filing of the Company’s Annual Report on Form 10-K for the year ended December 31,
2021 (the “ Original 2021 Annual Report”) on April 1, 2022, our management, with the participation of our then Chief Executive
Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures (as such term is defined in
Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of December 31, 2021. Based on their evaluation, our then Chief Executive Officer
and Chief Financial Officer concluded that, as of December 31, 2021, our disclosure controls and procedures were not effective due to
material weaknesses in our internal control over financial reporting with respect to our financial statement close and reporting process.

In
connection with the filing of Amendment No. 1 to the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2021
(the “ Amended 2021 Annual Report”), our management, with the participation of our Chief Executive Officer, reevaluated the
effectiveness of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange
Act) as of December 31, 2021 and determined they were not effective due to the material weaknesses in our internal control over financial
reporting with respect to our financial statement close and reporting process. Our disclosure controls and procedures are designed to
ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in SEC rules and forms, and that such information is accumulated and communicated
to our management, including our Chief Executive Officer, to allow timely decisions regarding required disclosures.

Management’s
Report on Internal Control Over Financial Reporting

Management
recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving
their objectives and management necessarily applies its judgment in evaluating the cost benefit relationship of possible controls and
procedures. In connection with this Report, our management, with the participation of our Chief Executive Officer, reevaluated the effectiveness
of our disclosure controls and procedures (as such term is defined in Rules 13a