Company: LTRYW
Filing Date: 2025-04-09
Form Type: 10-K/A
Source: 0001641172-25-003412
Chunk: 54

Company: Lottery.com Inc.
Filing Date: 2025-04-09
Form: 10-K/A
Chunk 54
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 take actions that degrade, disrupt, or increase the cost of consumers’ ability to access our offerings. In addition, the Internet infrastructure that we and our users rely on in any particular geographic area may be unable to support the demands placed upon it and could interfere with the speed and availability of our offerings. Any such failure in Internet or mobile device or computer accessibility, even for a short period of time, could adversely affect our results of business, financial condition, and results of operations and could cause the value of our securities to decline or become worthless.

We operate in a rapidly evolving industry and if we fail to successfully develop, market, or sell new products or adopt new technology platforms, it could materially adversely affect our business, results of operations, and financial condition.

Our Platform and other software products are in a market characterized by rapid technological advances, evolving standards in software and hardware technology, and frequent new product introductions and enhancements that may render existing products, services, and systems obsolete. Competitors are continuously upgrading their product offerings with new features, functions, and content. In addition, we may be required to refine our software and technology platform to address regulatory changes in the markets in which we operate or plan to operate. In order to become competitive, we may need to periodically modify and enhance our technology platform and service offerings.

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We cannot assure you that we will be able to respond to rapid technological or regulatory changes in our industry. In addition, the introduction of new products or updated versions of existing products and the underlying technology that supports such products has inherent risks, including, but not limited to, risks concerning:

| ● | product                                                                                                                                
 quality, including the possibility of software defects, which could result in claims against us or the inability to sell our products; |
| ● | the                                                                                                                                    
 accuracy of our estimates of user or customer demand, and the fit of the new products and features with users’ or customers’           
 needs;                                                                                                                                 |
| ● | the                                                                                                                                    
 need to educate our sales, marketing and services personnel to work with the new products and features, which may strain our resources 
 and lengthen sales cycles;                                                                                                             |
| ● | market                                                                                                                                 
 acceptance of initial product releases; and                                                                                            |
| ● | competitor                                                                                                                             
 product introductions or regulatory changes that render our new products obsolete.                                                     |

Developing, enhancing and localizing software is expensive, and the investment in product development may involve a long payback cycle. However, we believe that we must dedicate a significant number of resources to our developmental efforts to