Company: LTRYW
Filing Date: 2025-05-14
Form Type: S-1/A
Source: 0001641172-25-010091
Chunk: 99

Company: Lottery.com Inc.
Filing Date: 2025-05-14
Form: S-1/A
Chunk 99
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 an adjusted basis, respectively                                                                                  |     | $                       |       18,327 |   |     |                           |       44,015 |   |
| Preferred stock, par value $0.001 per share; no shares issued and outstanding on actual basis and adjusted basis, respectively. |     |                         |            - |   |     |                           |            - |   |
| Additional paid in capital                                                                                                      |     |                         |  283,913,433 |   |     |                           |  375,887,745 |   |
| Accumulated other comprehensive loss                                                                                            |     | $                       |       16,880 |   |     |                           |       16,880 |   |
| Accumulated deficit                                                                                                             |     | $                       | (263,468,728 | ) |     |                           | (263,468,728 | ) |
| Total shareholders’ equity                                                                                                      |     | $                       |   20,479,912 |   |     |                           |  112,479,912 |   |
| Total capitalization                                                                                                            |     | $                       |   22,544,829 |   |     |                           |  114,471,158 |   |

The number of shares of common stock to be outstanding after the offering is based on shares outstanding on December 31, 2024 plus 850,969 shares issued between December 31, 2024 and the date of this prospectus plus 25,688,622 additional shares resulting from this offering.

| 45 |

<div align='center'>DILUTION</div>

Purchasers of the Common Shares in this offering will experience immediate and substantial dilution to the extent of the difference between the public offering price per Common Share paid by the purchasers of the Common Shares in this offering and the pro forma, as adjusted net tangible book value per Common Share immediately after, and giving effect to, the public offering and the Stock Purchase Agreement. Dilution results from the fact that the public offering price per Common Share in this offering is substantially in excess of the net tangible book value per Common Share attributable to our existing shareholders for our presently outstanding Common Shares.

Estimated Dilution from Stock Purchase Agreement.

Our
historical net tangible book value per Common Share is determined by dividing our net tangible book value, which is the book value of
our total tangible assets less the book value of our total liabilities, by the number of outstanding Common Shares. As of December
31, 2024