Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 117

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 117
---
 games of chance in other
countries throughout Latin America. As of the date of this Report, according to Statista, the estimated size of the Latin American lottery
market is $.68 billion with a compound annual growth rate projected at 6.05% through 2028. Furthermore, it is projected that there will
be 3,000,000 online lottery players in the South American lottery market alone by 2028. Based on these projections, we believe these
acquisitions will provide opportunities for growth of our international operations throughout Mexico and Latin America as we expand our
portfolio of products and expose our existing products to new markets.

Operations Prior to 2022 Operational Cessation

Prior to the 2022 Operational
Cessation, the Company was primarily a provider of domestic lottery products and services (subsidiary operations in Mexico, such as Aganar,
and JuegaLotto and TinBu in the U.S. were unaffected by the 2022 Operational Cessation and continued operations). As an independent third-party
lottery game service, we offered a platform that we developed and operated to enable the remote purchase of legally sanctioned lottery
games in the U.S. and abroad (the “Platform”). Our revenue generating activities included (i) offering the Platform via our
Lottery.com app and our websites to users located in the U.S. and international jurisdictions where the sale of lottery games was legal
and our services were enabled for the remote purchase of legally sanctioned lottery games (our “B2C Platform”); (ii) offering
an internally developed, created and operated business-to-business application programming interface (“API”) of the Platform,
which enabled our commercial partners, in permitted U.S. and international jurisdictions, to purchase certain legally operated lottery
games from us and to resell them to users located within their respective jurisdictions (“B2B API”); and (iii) delivering
global lottery data, such as winning numbers and results, and subscriptions to data sets of our proprietary, anonymized transaction data
pursuant to multi-year contracts to commercial digital subscribers (“Data Service”).

| 62 |

Mobile Lottery Game Platform Services

Both our B2C Platform and our
B2B API provided users with the ability to purchase legally sanctioned draw lottery games via a mobile device or computer, securely maintain
their acquired lottery game, automatically redeem a winning lottery game, as applicable, and receive support, if required, for the claims
and redemption process. Our registration and user interfaces were designed