Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 67

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 67
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 management, employees, agents, partners, customers, affiliates, or other related
or third parties could be subject to investigations, criminal and civil penalties, sanctions or other enforcement measures that in
turn could have a material adverse effect on our results of operations, cash flow, or financial condition.

We
take our corporate responsibility to our users, customers, and the requirements of the regulatory authorities in the jurisdictions in
which we operate very seriously and are focused on maintaining a safe and responsible gaming environment. Our failure to remain in compliance
with underage and responsible gaming requirements or any amendments or additions to such requirements could have a material adverse effect
on us, our reputation and brand, or on our business, results of operations, or financial condition.

We
are committed to compliance with the underage and responsible gaming requirements set forth in the domestic and international statutes
and regulations in the jurisdictions in which we do business and, as applicable, that govern our operations. We take our corporate responsibility
to our users, customers and the regulators in the jurisdictions in which we operate very seriously and are focused on maintaining a safe
and responsible gaming environment. We will continue to evaluate and develop our technology to meet the statutory requirements regarding
responsible gaming and self-exclusion as well as our own self-imposed objectives regarding corporate social responsibility, as demonstrated
by our ongoing compliance objectives and policies.

All
of the U. S. jurisdictions and most of the foreign jurisdictions in which we operate prohibit sales of lottery tickets to persons under
18 years of age. We have instituted know-your-customer requirements to aid our efforts in identifying minors and preventing them from
using our services. In many cases, these requirements apply to our lottery retailer partners and may not apply to us. Nevertheless, if
we fail to abide by these requirements, our partners may be reluctant to do business with us or the applicable regulatory authorities
may amend the requirements to apply specifically to us, to the extent that they do not already do so.

Many
jurisdictions, especially foreign jurisdictions, are imposing more stringent rules with regard to underage and responsible gaming. This
trend could continue to spread and both U. S. and foreign jurisdictions may strengthen underage and responsible gaming requirements. In
the event that any jurisdiction in which we operate mandates additional requirements regarding corporate social responsibility, responsible
gaming, self-exclusion, or similar mandates, we may be required to undertake additional technological initiatives to remain in compliance.
Implementation of any such initiatives may present operational challenges and material costs and divert the attention of management and