Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 13

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1
Chunk 13
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 in the United
States 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 (our lottery “ 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 multinational jurisdictions where the sale of lottery games was legal and our services
were enabled for the remote purchase of legally approved 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 which could be
resold 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”).

   6  

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 to be easy to use, provide for the creation of an account
and purchase of a lottery game with minimum friction and without the creation of a mobile wallet or requirement to pre-load minimum funds
and - importantly - to provide instant confirmation of the user’s lottery game numbers, whether selected at random or picked by
the user. Users of our B2C Platform services paid a service fee and, in certain non-U. S. jurisdictions, a mark-up on the purchase price.
Prior to the 2022 Operational Cessation in the U. S., we generated revenue from this service fee and mark-up. Our U. S. based B2B API Platform
resumed limited operations in April 2023. As of the date of this Report, our U. S. based B2C Platform is not currently operational. We
anticipate that it will become operational by the summer of 2025.

The
WinTogether Platform

Prior to the Operational Cessation,
we operated and administered all U. S.