Company: LTRYW
Filing Date: 2025-05-14
Form Type: S-1/A
Source: 0001641172-25-010091
Chunk: 98

Company: Lottery.com Inc.
Filing Date: 2025-05-14
Form: S-1/A
Chunk 98
---
 proceeds from this offering to bind and activate such insurance coverage as soon as reasonably possible upon      
 receipt of funding from this offering.                                                                                                   |

<div align='center'>DIVIDEND POLICY</div>

We have never paid dividends on our Common Shares. We currently intend to retain all available funds and any future earnings to support operations and to finance the growth and development of our business. As such, we do not intend to declare or pay cash dividends on our Common Shares in the foreseeable future. Any future determination to pay dividends will be made at the discretion of our Board of Directors subject to applicable laws and will depend upon, among other factors, our earnings, operating results, financial condition and current and anticipated cash needs. Our future ability to pay cash dividends on our Common Shares may be limited by the terms of any then-outstanding debt or preferred securities.

<div align='center'>CAPITALIZATION</div>

The following table sets forth our cash and cash equivalents and capitalization as of December 31, 2024:

| ● | on                                                                                                                                    
 an actual basis                                                                                                                       |
| ● | on                                                                                                                                    
 a pro forma, as adjusted, basis to give effect to the above and the issuance of Common Shares in this offering at an assumed offering 
 price of $1.25 as set forth in this prospectus                                                                                        |

You should read the following table in conjunction with the sections entitled “ Use of Proceeds”, “ Selected Consolidated Financial Information and Operating Data” and “ Management’s Discussion and Analysis of Financial Condition and Results of Operations”, and our financial statements and the related notes thereto included elsewhere in this Prospectus.

|                                                                                                                                 |     | As of December 31, 2024 |              |   |     |                           |              |   |
|:--------------------------------------------------------------------------------------------------------------------------------|:----|:------------------------|-------------:|:--|:----|:--------------------------|-------------:|:--|
|                                                                                                                                 |     | Actual                  |              |   |     | Pro Forma as adjusted (1) |              |   |
| Cash and cash equivalents                                                                                                       |     | $                       |       68,035 |   |     |                           |   92,068,035 |   |
| Shareholders’ equity:                                                                                                           |     |                         |              |   |     |                           |              |   |
| Common shares, par value $0.001 per share; 18,326,855 shares issued and outstanding as of December 31, 2024 and                 
 104,015,477 on