Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 44

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 44
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 the value of our securities
to decline or become worthless.

Our
results of operations may fluctuate due to seasonality and other factors and, therefore, our periodic operating results will not be guarantees
of future performance.

Although
lottery games are offered on a year-round basis, there is seasonality in lottery game purchasing that may impact our operations and operations
of our customers. The broad geographical mix of our user and customer base also impacts the effect of seasonality, as users and customers
in different territories typically place differing importance on different lottery games and those games often have different calendars.
For example, some multi-state games can have occasional increasingly high jackpot opportunities, which increase user attention and ticket
purchases, which further increases the jackpot. Such events may cause increases in our revenues. By contrast, low jackpot lottery games
or periods in which there is little promotional activity connected to lottery games in general may negatively impact the purchase of
lottery games. Such fluctuations and uncertainties may negatively impact our cash flows.

We
may not be able to capitalize on trends and changes in the gaming and lottery industries, including due to the operational costs involved,
the laws and regulations governing these industries in various jurisdictions, and other factors.

We
participate in new and evolving aspects of the mobile gaming and lottery industries. Part of our strategy, when we have sufficient funding,
is to take advantage of the liberalization of regulations covering these industries on a global basis. These industries involve significant
risks and uncertainties, including legal, business, and financial risks. The fast-changing environment in these industries can make it
difficult to plan strategically and can provide opportunities for competitors to grow their businesses at our expense. Consequently,
our future results of operations, cash flows, and financial condition are difficult to predict and may not grow at the rates we expect.

To the extent that we enter
into any business that is determined to be internet gaming, any jurisdiction in which our existing business is deemed to be internet
gaming, or our customers offer internet gaming, it is important to recognize that the laws relating to internet gaming are evolving
literally by jurisdiction. To varying degrees, governments have taken steps to change the regulation of internet wagering through the
implementation of new or revised licensing and taxation regimes, including the possible imposition of sanctions on unlicensed providers.
We cannot predict the timing, scope or terms of the implementation or revision of any such state, federal or foreign laws or regulations,
or the extent to which any such laws and regulations may facilitate or hinder our