Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 141

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 141
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 Nine Hundred Thousand Dollars USD ($4,900,000.00)
by transferring 49%
ownership interest in to be newly, formed wholly owned entity of the Company (“NewCo”) to be domiciled at the discretion
of Buyer which shall hold all Assets free and clear of any encumbrances.

As
part of the transaction, Paul Roy, Founder and CEO of GXR, will serve as a Director of Newco” which is being created to house
the Sports.com Super App. With more than two decades of leadership experience spanning video gaming, esports, and global sports
media, Paul Roy will contribute to the integration strategy and long-term growth of Sports.com’s global operations.

 F-26 

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The
following discussion and analysis of our financial condition and results of operations together with the condensed consolidated financial
statements and the related notes appearing elsewhere in this Report contains forward-looking statements that involve risks and uncertainties.
Our actual results and the timing of events may differ materially from those expressed or implied in such forward-looking statements
as a result of various factors, including those set forth in the section entitled “Cautionary Note Regarding Forward-Looking Statements”
included herein and the sections entitled “Risk Factors” included in this Report and in our Annual Report on Form 10-K/A
for the year ended December 31, 2024 (our “Annual Report”).

Overview

During
FY 2024, the Company addressed legacy issues while successfully regaining full compliance with Nasdaq’s continued listing
rules and restarting operations on a limited basis in order to stage Lottery.com for growth in FY 2025. The cornerstone of the
Company’s operational progress for FY 2025 has been driven by technology, product and service/capability
enhancements. This progress is driven primarily by the execution of the Company’s “Buy-and-Build” strategy which
identifies revenue-producing assets which have the capability to accelerate the Company’s operations in the sports, entertainment,
and gaming markets.

This
Report is reflective of the Company’s commitment to transparency, integrity, and responsible corporate governance. The investment
commitments from United Capital Investments London Limited and Generating Alpha outlined in this report are evidence of investor belief
in Management’s capability to resume core lottery and gaming operations, launch additional international lottery operations, and expand operations in Mexico and offerings of sweepstakes,
as well as successful monetization of Sports.com, entrance into the entertainment market, and