Company: LTRYW
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011865
Chunk: 53

Company: Lottery.com Inc.
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 2
Chunk 53
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, such as increased marketing expenses, increased compliance expenses, increased personnel and advisory
expenses associated with being a public company, additional operational expenses and salaries for personnel to support expected growth,
additional expenses associated with our ability to execute on our strategic initiatives including our aim to undertake merger and acquisition
activities, as well as additional capital expenditures associated with the ongoing development and further implementation of Project
Nexus.

Current
Plan of Operations

As
of the date of this Report, the Company’s primary revenue drivers are its data business and lottery ticket sales in Mexico. It
is anticipated that operational costs for the next 12 months through April 30, 2026 will be greater than revenues. It is anticipated
that the liquidity gap will be satisfied by equity investment or debt incurred, of which there is no assurance. We anticipate that our
B2C Platform will become operational by mid-year 2025.

Beyond
the next 12 months, the Company plans to continue to expand domestic and international operations. Moreover, the Company plans to enhance
its mobile application to include pool plays, ticket subscriptions, loyalty programs and various gamification modules.

The
Company is moving forward with its previously announced plans to monetize the Sports. com brand. Those plans include introducing an advertising-supported
subscription model; the creation and licensing of original content through Sports. com Studios; and completing the acquisition of Nook
and marketing business licenses to companies in the sports, health and wellness markets seeking access to Dubai and the broader Middle
Eastern market.

  11  

Results of
Operations

Our
consolidated financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include
adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should
we be unable to continue in operation. We will require additional capital to meet our long-term operating requirements. We expect to
raise additional capital through, among other things, the sale of equity or debt securities.

Three Months
Ended March 31, 2025 Compared to Three Months Ended March 31, 2024

The
following table summarizes our results of operations for the three months ended March 31, 2025 and March 31, 2024, respectively.

For
the three months Ended March 31, 2025 and 2024

                              March                                                                      
                              31,                                                                        
                              2025                       2024                                            
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