Company: LTRYW
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003901
Chunk: 93

Company: Lottery.com Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 93
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 of Common Stock by the Selling Shareholders.                                                                                                                                                                    |
| Ticker                                              
 Symbol                                              |     | Our                                                                                                                                                                                                                           
 shares of Common Stock and public warrants are listed on Nasdaq under the symbol “LTRY” and “LTRYW.”                                                                                                                          |

(1) The number of shares of Common Stock issued and outstanding of Lottery.com Inc. is 12,793,488 as of April 9, 2025.

| 44 |

<div align='center'>USE OF PROCEEDS</div>

Our offering of $100,000,000 in our securities
for the Stock Purchase Agreement. The table below depicts how we plan to utilize the proceeds in the event that 25%, 50%, 75% and 100%
of the securities in this offering are sold; however, the amounts actually expended for working capital as well as other purposes may
vary significantly and will depend on a number of factors, including the amount of our future revenues and the other factors described
under “Risk Factors.” Accordingly, we will retain broad discretion in the allocation of proceeds of this Offering.

Proceeds from Stock Purchase Agreement

| Amount of Securities Sold                  |     |        25% |     |        50% |     |        75% |     |        100% |
| Gross proceeds from this Offering (1)      |     | 25,000,000 |     | 50,000,000 |     | 75,000,000 |     | 100,000,000 |
| Underwriting discounts and commissions (2) |     |  1,750,000 |     |  3,500,000 |     |  5,250,000 |     |   7,000,000 |
| Other offering costs and listing fees (3)  |     |    250,000 |     |    500,000 |     |    750,000 |     |   1,000,000 |
| Net proceeds from this Offering (4)        |     | 23,000,000 |     | 46,000,000 |     | 69,000,000 |     |  92,000,000 |
| Operations                                 |     |  8,510,000 |     | 17,020,000 |     | 25,530,000 |     |  34,040,000 |
| Acquisitions (5)                           |     |  3,