Company: LTRYW
Filing Date: 2025-05-07
Form Type: S-1/A
Source: 0001641172-25-009053
Chunk: 120

Company: Lottery.com Inc.
Filing Date: 2025-05-07
Form: S-1/A
Chunk 120
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 associated with our ability to execute on our strategic initiatives including our aim to undertake merger and acquisition activities, as well as additional capital expenditures associated with the ongoing development and further implementation of Project Nexus.

Current Plan of Operations

As of the date
of this Report, the Company’s primary revenue drivers are the resumption of its B2B API platform, the full resumption of its sweepstakes
business and the launch of Sports.com. It is anticipated that operational costs for the next 12 months through April 30, 2026 will be
greater than revenues. It is anticipated that the liquidity gap will be satisfied by equity investment or debt incurred, of which there
is no assurance. We anticipate that our B2C Platform will become operational by mid-year 2025.

Beyond the next 12 months, the Company plans to continue to expand domestic and international operations. Moreover, the Company plans to enhance its mobile application to include pool plays, ticket subscriptions, loyalty programs and various gamification modules.

The Company is
moving forward with its previously announced plans to monetize the Sports.com brand. Those plans include introducing an advertising-supported
subscription model; the creation and licensing of original content through Sports.com Studios; and completing the acquisition of Nook
and marketing business licenses to companies in the sports, health and wellness markets seeking access to Dubai and the broader Middle
Eastern market.

Results of Operations

Our consolidated financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation. We will require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

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Year Ended December 31, 2024 Compared to Year Ended December 31, 2023

The following table summarizes our results of operations for the years ended December 31, 2024 and December 31, 2023, respectively.

|                                                           |     | For the Year Ended December 31, |        2024 |   |     |   |        2023 |   |     |   |   $ Change |   |     |     | % Change |   |
|:----------------------------------------------------------|:----|:--------------------------------|------------:|:--|:----|:--|------------:|:--|:----|:--|-----------:|:--|