Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 63

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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 2025 racing seasons with vehicle and attire logo placement and social
media postings by the drivers.

6

On
June 17, 2025, the Company appointer Tamer Hassan as president of Sports.com Studios, Ltd. In this role, Hassan will lead the division’s
creative and strategic efforts to develop, produce and distribute compelling sports-focused films, docuseries, and premium digital content.
This new arm of the business will serve as the cornerstone of Sports.com’s global expansion into entertainment media and immersive
storytelling.

On
June 24, 2025, The Company appointed Tim Scoffham and CEO of Sports.com Media Group, Ltd. In this role, Scoffham will oversee the
strategic integration and international expansion of Sports.com Media, a premium digital sports content and engagement platform. His
leadership will focus on aligning commercial, media, and technology platforms, bolstering regulatory partnerships, and unlocking
scalable, revenue-generating opportunities in high-growth jurisdictions.

Plans
for Recommencement of Company Operations

As
noted above, since the Operational Cessation, the Company has had minimal day-to-day operations and has primarily focused on
restarting certain of its core businesses. The Company has developed a three-phase plan to recommence its gaming operations, which
plan is outlined below The sequence is subject to change.

Phase 1 - Resume Sweepstakes
Operations. The Company resumed its sweepstakes operations in April 2025 in conjunction with the WinTogether trust. The event was
marketed under the DonateTo.Win brand. The launch was limited to Florida residents and awarded a prize for a VIP experience at the 2025
Formula 1 Crypto.com Miami Grand Prix 2025. The launch confirmed that the core sweepstakes platform is fully operational and ready to
scale for nationwide events. The Company is planning additional events in the remainder of 2025 offering pirzes related the Company’s
business’ in the entertainment and sports markets.

Phase
2 - Resume B2C Platform Operations. The Company believes that it will be in a position to relaunch its B2C Platform by the end of
2025. As of the date of this Report, the Company expects that it will initially relaunch its B2C Platform to customers in international
jurisdictions for a period of time before rolling it out to other jurisdictions, including the resumption of sales in the US. The Company
plans to limit the rollout in order to give it additional time