Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 49

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 49
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 products, services, and systems
that address users’ needs or enhance and improve our existing technology and offerings in a timely manner, it could have a material
adverse effect on our business, financial condition, and results of operations and could cause the value of our securities to decline
or become worthless.

  26  

Although
we intend to continue investing in our research and development efforts to the extent we have sufficient funds to do so, if our new or
enhanced offerings fail to engage our users or customers, we may fail to attract or retain users or customers or to generate sufficient
revenue, operating margin, or other value to justify our investments, any of which may seriously harm our business. In addition, management
may not properly ascertain or assess the risks of new initiatives, and subsequent events may alter the risks that were evaluated at the
time we decided to execute any new initiative. Creating additional offerings can also divert our management’s attention from other
business issues and opportunities. Even if our new offerings attain market acceptance, those new offerings could exploit the market share
of our other product offerings or share of our users’ wallets in a manner that could negatively impact such offerings. Furthermore,
such offering expansion will increase the complexity of our business and place an additional burden on our management, operations, technical
systems, and financial resources, and we may not recover the often-substantial up-front costs of developing and marketing new offerings
or recover the opportunity cost of diverting management and financial resources away from other offerings. In the event of continued
growth of our operations, products, or in the number of third-party relationships, we may not have adequate resources, financially, operationally,
technologically, or otherwise, to support such growth and the quality of our technology, offerings, or our relationships with third parties
could suffer. In addition, failure to effectively identify, pursue, and execute new business initiatives, or to efficiently adapt our
processes and infrastructure to meet the needs of our innovations, may adversely affect our business, financial condition, and results
of operations and could cause the value of our securities to decline or become worthless. Any new offerings may also require our users
to utilize new skills to use our offerings. This could create a lag in adoption of new offerings and new user additions related to any
new offerings. To the extent that future users, including those in older demographics, are less willing to invest the time to learn to
use our products, and if we are unable to make our products, services, and