Company: LTRYW
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003901
Chunk: 96

Company: Lottery.com Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 96
---
 Agreement.

Our
historical net tangible book value per Common Share is determined by dividing our net tangible book value, which is the book value of
our total tangible assets less the book value of our total liabilities, by the number of outstanding Common Shares. As of September 30,
2024, the historical net tangible book value of our Common Shares was $4,939,613 or $0.49 per Common Share.

After giving effect to the
(i) sale by us of an additional total of 25,688,322 shares of Common Shares under the Stock Purchase Agreement assumed at $1.25
per Common Share and (ii) receipt by us of the net proceeds of the Stock Purchase Agreement after deduction of discounts and other
expenses payable by us, our pro forma, as adjusted net tangible book value as of September 30, 2024 would have been $29,932,613,
or $0.84 per Common Share. The difference between the public offering price per Common Share and the pro forma, net tangible book
value per Common Share represents an immediate increase in net tangible book value of $0.35 per Common Share to our existing shareholders,
and an immediate dilution in net tangible book value of $0.41 per Common Share to purchasers of Common Shares in this offering.

The
following table illustrates, this dilution to purchasers in this offering on a per Common Share basis:

| Assumed price per share under Stock Purchase Agreement                                                   |     | $ | 1.25 |
| Net tangible book value per share on September 30, 2024                                                  |     | $ | 0.49 |
| Increase in net tangible book value per share to the existing stockholders attributable to this offering |     | $ | 0.35 |
| Adjusted net tangible book value per share after this offering                                           |     | $ | 0.84 |
| Dilution in net tangible book value per share to new investors                                           |     | $ | 0.41 |

| 46 |

<div align='center'>SELECTED HISTORICAL CONSOLIDATED FINANCIAL DATA AND OPERATING DATA</div>

The following table presents our selected historical consolidated financial data for the periods indicated. The selected historical consolidated financial data for the nine months ended September 30, 2024 and the years ended December 31, 2023 and December 31, 2022 are derived from our reviewed and audited financial statements, respectively.

Historical results are included for illustrative and informational