Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 121

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 121
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 Operations

As noted above, since the 2022
Operational Cessation, the Company has had minimal day-to-day U.S. operations and has primarily focused on restarting certain of its core
businesses in the United States. The Company has developed a phased plan to recommence its U.S. operations.

Phase 1 - Resume B2C Platform Operations.The Company believes that it will be in a position to relaunch its B2C Platform by mid-year 2025. As of the date of this
Report, the Company expects that it will initially relaunch its B2C Platform to customers in a limited number of US and International markets before rolling
it out to other jurisdictions. The Company may elect to accelerate the relaunch of its Platform to customers in another state. The Company
plans to limit the rollout in order to give it additional time to properly vet and confirm compliance with local, state and federal rules
related to ticket procurement and distribution. For more information, see “Item 1A. Risk Factors - Regulatory and Compliance Risks - A jurisdiction may enact, amend, or reinterpret laws and regulations governing our operations in ways that impair our revenues, cause us to incur additional legal and compliance costs and other operating expenses, or are otherwise not favorable to our existing operations or planned growth, all of which may have a material adverse effect on us or our results of operations, cash flow, or financial condition.” The Company has also maintained various pre-paid media credits that it expects to use to launch and maintain promotional
campaigns geared towards encouraging prior customers to return to the Platform and to acquire new customers.

The
Company acquired Spektrum LTD in March of 2025. This acquisition provided the Company with ownership of platform that is designed to
run in dozens of international jurisdictions. The Company is in final phases of procuring the appropriate licensing and business services
to launch in multiple African and Asian jurisdictions. The launch date is scheduled for Q2 2025.

Phase 2 - Restore Other Business Lines and Projects.Assuming the success of Phase 1, the Company expects to restore other products it previously offered, such as supplying lottery tickets to consumers in approved domestic jurisdictions, partnering with licensed providers in international jurisdictions, monetizing Sports.com, and reviving other products and services that were under development when the Operational Cessation occurred.

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As of the date of this Report,
the current estimated cash balance of the Company and subsidiaries is approximately $63,346. The Company believes that this
cash