Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 21

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 21
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 lottery data offered by TinBu. On July 23, 2023,
DSG exercised its right to terminate the exclusive distribution rights due to Sports.com not meeting its contractual obligations.

Plans for Recommencement of Company Operations

As noted above, since the 2022
Operational Cessation, the Company has had minimal day-to-day U.S. operations and has primarily focused on restarting certain of its core
businesses. The Company has developed a phased plan to recommence its operations.

Phase 1 - Resume B2C Platform Operations.The Company believes that it will be in a position to relaunch its B2C Platform by the summer of 2025. As
of the date of this Report, the Company expects that it will initially relaunch its B2C Platform on a limited geographic basis in
both the US and Internationally for a period of time before rolling it out to multiple jurisdictions. The Company plans to limit the
rollout in order to give it additional time to properly vet and confirm compliance with local, state and federal rules related to
ticket procurement and distribution. For more information, see “Item 1A. Risk Factors - Regulatory and Compliance Risks - A jurisdiction may enact, amend, or reinterpret laws and regulations governing our operations in ways that impair our revenues, cause us to incur additional legal and compliance costs and other operating expenses, or are otherwise not favorable to our existing operations or planned growth, all of which may have a material adverse effect on us or our results of operations, cash flow, or financial condition.” The Company has also maintained various pre-paid media credits that it expects to use to launch and
maintain promotional campaigns for both lottery and sweepstakes sales geared towards encouraging prior customers to return to the
Platform and to acquire new customers. The Company had a limited relaunch of its sweepstakes business in April 2024. Currently, the
Company is operating sweepstakes in a limited number of US jurisdictions and anticipates domestic and international operations by
the end of Q2 2025.

The Company acquired Spektrum LTD in March of 2025. This acquisition
provided the Company with ownership of platform that is designed to run in dozens of international jurisdictions. The Company is in final
phases of procuring the appropriate licensing and business services to launch in multiple African and Asian jurisdictions. The launch
date is scheduled for Q2 2025.

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Phase 2 - Restore Other Business Lines and Projects.Assuming the success of Phase 1