Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 79

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 79
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 offerings, which could materially affect our business, financial condition and results of operations.

We
rely on relationships with lottery organizations from which we acquire rights to collect and supply lottery data that we provide to our
users and customers. The future success of our Data Service business may depend, in part, on our ability to obtain, retain and expand
relationships with lottery organizations. We have arrangements with lottery organizations for rights to their data. Our arrangements
with lottery organizations may not continue to be available to us. In the event that we lose existing arrangements or cannot continue
and expand existing arrangements, we may lose our competitive advantage or be required to discontinue or limit our offerings or services.
The loss of such arrangements may cause loss of competitive advantage and could materially adversely affect our financial condition,
business and results of operations.

Risks
Relating to Future Growth

Our
strategy anticipates substantial growth, and if we fail to adequately scale product offerings and manage our entry into new territories,
our business and reputation may be harmed.

Our
business strategy contemplates substantial growth in our user and customer base, and a strategy to capture a larger share of a dynamic
lottery market and shifting demographic, primarily in the U. S. but internationally as well. Our growth has previously placed, and is
expected to continue to place, a significant strain on our managerial, administrative, operational and financial resources and our infrastructure.
Our future success will depend, in part, upon the ability of our senior management to manage growth effectively. This will require us
to, among other things:

  implement                                                                                                
  further                                                                                                  

  42  

  hire                                                                                                                                    
  comply                                                                                                                                  
  maintain                                                                                                                                

Failure
to accomplish any of these requirements could adversely affect our ability to deliver our product, service, and systems offerings in
a timely fashion, fulfill existing commitments or attract and retain new users and customers.

We
may face difficulties as we expand our operations into new markets in which we have limited or no prior operating experience.

Our
capacity for growth depends, in part, on our ability to expand our operations into, and compete effectively in, new local entertainment,
gaming and Online Lottery markets. It may be difficult for us to understand and accurately predict consumer preferences and spending
habits in these new local markets. In addition, each market has unique regulatory dynamics. These include laws and regulations that can
directly or indirectly affect our ability to operate. In addition, each market is subject to distinct competitive and operational dynamics.
These include our ability to