Company: LTRYW
Filing Date: 2025-04-09
Form Type: 10-K/A
Source: 0001641172-25-003412
Chunk: 138

Company: Lottery.com Inc.
Filing Date: 2025-04-09
Form: 10-K/A
Chunk 138
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 twelve months from the issuance of these financial statements depends on its ability to execute the business plan
for the relaunch of its core business, the successful monetization of Sports.com, and keeping expenditures in line with available operating
capital. Such conditions raise substantial doubt about the Company’s ability to continue as a going concern.

The procedures performed to address the matter included.

| ● | We inquired of executive officers, and key members of management, of the Company regarding factors that would have an impact on the Company’s ability to continue as a going concern,                                     |
| ● | We evaluated the liquidity position of the company, including analyzing its current liabilities, cash flow forecasts, and financing arrangements.                                                                         |
| ● | We examined the company’s plans to resolve the default on note payables and accounts payables, including discussions with management and creditors to assess the feasibility of restructuring or extending payment terms. |
| ● | We evaluated the completeness and accuracy of disclosures in the consolidated financial statements.                                                                                                                       |

| /S/ Boladale Lawal      |
| BOLADALE LAWAL & CO.    |
| (Chartered Accountants) |
| (PCAOB ID 6993)         |
| Lagos, Nigeria          |

We have served as the Company’s auditor since
2024.

April 8, 2025

| F-3 |

|                                                  | Yusufali & Associates, LLC |
| Certified Public Accountants & IT Consultants    |                            |
| AICPA, HITRUST, PCAOB, PCIDSS, & ISC2 Registered |                            |
| 55 Addison Drive, Short Hills, NJ 07078          |                            |

<div align='center'>Report of Independent Registered Public Accounting Firm</div>

To the Board of Directors and Stockholders of

Lottery.com Inc.

Spicewood, Texas

Opinion on the Consolidated Financial Statements

We have audited the accompanying restated consolidated balance sheets of Lottery.com Inc. (the “Company”) as of December 31, 2023, and 2022, and the related consolidated statements of operations and comprehensive loss, equity, and cash flows for each of the years in the two-year period ended December 31, 2023, and the related notes (collectively referred to as the “financial statements”). In our opinion, except for the effects of the Company having not filed its 2023 and 2022 United States federal and state corporate income tax returns as described in Note 14 of the financial statements,