Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 114

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 114
---
 Total other expenses, net     |     |   |     77,823 |   |     |   |    (40,743 | ) |     |     |    37,080 |   |     |     |       48 | % |
|                               |     |   |            |   |     |   |            |   |     |     |           |   |     |     |       91 | % |
| Net loss before income tax    |     | $ | (5,967,517 | ) |     | $ | (4,256,059 | ) |     |     | 1,711,458 |   |     |     |       40 | % |
| Income tax expense (benefit)  |     |   |      4,150 |   |     |   |          - |   |     |     |     4,150 |   |     |     |      100 | % |
| Net loss                      |     |   | (5,971,667 | ) |     |   | (4,256,059 | ) |     |     | 1,715,608 |   |     |     |       40 | % |

Revenue.

Revenue. Revenue for the three months ended June 30, 2024 was $257 thousand, a decrease of $398 thousand, or 61%, compared to revenue of $655 thousand for the three months ended June 30, 2023. $340 thousand of the decrease was in the core domestic lottery business and $65 thousand was in Global Gaming.

Cost of Revenue. Cost of revenue includes product costs, commission expense to affiliates and commercial partners, and merchant processing fees. Cost of revenue for the three months ended June 30, 2024 was $46 thousand, a decrease of $50 thousand, or 52%, compared to cost of revenue of $96 thousand for the three months ended June 30, 2023. $37 thousand of the decrease was in the core domestic lottery business and $13 thousand was in Global Gaming.

Gross Profit. Gross profit for the three months ended June 30, 2024 was $211 thousand compared to $560 thousand for the three months ended June 30, 2023, a decrease of $348 thousand, or 62%. The change in gross profit is correlated to the change in revenue as described above.

Operating Costs and Expenses.

|                               |     |                    For 
 the three months Ended