Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 187

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part II, Item 8
Chunk 187
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Nine
MONTHS ENDED SEPTEMBER 30, 2025

Note
1. Nature of Operations

Description
of Business

Lottery.com
Inc. (formerly Trident Acquisitions Corp) (“TDAC”, “Lottery.com”. “SEGG Media” or “the Company”),
was formed as a Delaware corporation on March 17, 2016. On October 29, 2021, we consummated a business combination (the “Business
Combination”) with AutoLotto, Inc. (“AutoLotto”). Following the closing of the Business Combination (the “Closing”)
we changed our name from “Trident Acquisitions Corp.” to “Lottery.com Inc.” and the business of AutoLotto became
our business. In connection with the Business Combination the Company moved its headquarters from New York, New York to Texas. In July
2025, the Company began doing business as Sports Entertainment Gaming Global Media Corporation  (“SEGG Media”). The name change is
reflective of the Company’s shift to focusing on providing products, content and services in three verticles:  sports, entertainment, and gaming.

The
Company owns and operates three premium domain brands: Sports.com, Concerts.com, and Lottery.com representing the Company’s three
operating focuses:

Sports,
Entertainment, and Gaming.

Sports

Sports.com
is a next-generation global sports streaming and content platform designed to meet the evolving demands of digital audiences. Focused
on delivering premium short-form video, curated articles, and eventually live event coverage, the platform combines mobile-first accessibility,
AI-driven personalization, and community engagement to create a unified experience for fans worldwide.

The
business launched with an ad-supported freemium model and scale toward subscription and pay-per-view offerings upon achieving key
user milestones. Initial target markets include the United States, Latin America (LATAM), India, and the Gulf Cooperation Council (GCC)
regions with fast-growing streaming adoption and underserved sports segments. The platform will also build strategic partnerships with
regional sports leagues, influencers, and brands to accelerate content acquisition and market penetration.

Additionally,
the Company will develop, produce and distribute compelling sports-focused films, docuseries, and premium digital content. This new arm
of the business will serve as the cornerstone of the Company’s global expansion into entertainment media and immersive storytelling.

The
Company has two wholly-owned subsidiaries to support the operations of the Sports-related activities: Sports.com Media Group Ltd and
Sports.com Studios Ltd.

Ent