Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 90

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 90
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, the Company, by and through its
outside legal counsel, issued a cease-and-desist notice to certain individuals and entities in participation with a common scheme and
acting in concert to financial harm to the Company by privately and publicly disseminating false and misleading statements about the Company,
its current officers and directors. The Company’s outside legal counsel reported the matter to the proper authorities.

Dawn Nettles

On February 14, 2025, Dawn Nettles, et. al (“Nettles”
or “Plaintiff”) filed a verified original class action (the “Complaint”) against Lottery.com (“Lottery.com”
or the “Company”), Rook TX LP, Gary N. Grief, IGT Solutions Corporation (“IGT”) (collectively the “Defendants”)
in the District Court of Harris County, 333rd Judicial District (the “Court”) alleging that the Defendants engaged in systematic
fraud, misappropriated lottery funds, illegally sold tickets across state lines, and manipulated the outcome of lottery games, including,
but not limited to the April 22, 2023 Lotto Texas drawing. On March 25, 2025, the judge issued a ruling that the claims against IGT be
dismissed without prejudice.

Jerry R. Reed

On April 8, 2025, Jerry. R. Reed, “Reed”
or the “Plaintiff”) brought an action against AL Tx Management, LLC; AutoLotto, Inc; Matthew Clemeson; Colossus Bets Limited;
Ryan Dickinson; Lawrence Anthony Dimatteo III; Lottery Now Inc; Lottery.com, Inc. (“Lottery.com” or the “Company”);
Bernard Marantelli; Qawi and Quddus, Inc.; Zeljeko Ranogajec; Rook GP, LLC; Rook TX LP; and White Swan Data Limited (collectively the
“Defendants”) alleging illegal game-rigging and money-laundering during the April 22, 2023 Lotto Texas drawing. Plaintiff
seeks recovery of funds which he claims should have been included in the Lotto Texas jackpot he won on May 17, 2023.

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Item 1A. Risk Factors.

As of the date of this Report,
there have been no material changes to the risk factors disclosed in the Company’s Annual Report, other than as set forth below.
In addition, we may disclose additional changes to such factors or disclose additional factors from time