Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 118

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 118
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 to be easy to use, provide for the creation of an account
and purchase of a lottery game with minimum friction and without the creation of a mobile wallet or requirement to pre-load minimum funds
and - importantly - to provide instant confirmation of the user’s lottery game numbers, whether selected at random or picked by
the user. Users of our B2C Platform services paid a service fee and, in certain non-U.S. jurisdictions, a mark-up on the purchase price.
Prior to the Operational Cessation, we generated revenue from this service fee and mark-up. Our Ticket Processing Platform resumed limited
operations for the month of April 2023. As of the date of this Report, our B2C Platform is not currently available to the public. We
anticipate that our B2C Platform will become available again by mid-year 2025.

The WinTogether Platform

Prior to the U.S. 2022 Operational
Cessation, we operated and administered of all sweepstakes offered by WinTogether, a registered 501(c)(3) charitable organization (“WinTogether”),
which was formed in April 2020 to support charitable, educational, and scientific causes. In consideration of our operation of the WinTogether
platform and administration of the sweepstakes, we received a percentage of the gross donations to a campaign, from which we paid certain
dividends and all administration costs.

The WinTogether platform continued
operating after the 2022 Operational Cessation, until all sweepstakes campaigns were completed, and all prizes awarded. On March 29, 2023,
the board of directors of WinTogether voted to suspend its relationship with the Company. The suspension of the relationship was rescinded
by the WinTogether board on November 16, 2023. WinTogether is now operating under the DonateTo.Win brand.

On April
1, 2024, Lottery.com resumed its sweepstakes offerings through its partnership with the WinTogether.org foundation (DBA: DonateTo.Win).
In April 2025, Sports.com sponsored a sweepstakes to support the Florida International University surrounding the
Formula 1 Crypto.com Miami Grand Prix 2025.

Current Operations

Despite the 2022 Operational
Cessation, the Company’s subsidiaries have continued to operate under the direction of the leadership teams that were in place
prior to the Company’s acquisition of such companies. While the operational activities of these subsidiaries vary, from the 2022
Operational Cessation through the date of this Report