Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 155

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 155
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, since the Operational Cessation, the Company has had minimal day-to-day operations and has primarily focused on
restarting certain of its core businesses. The Company has developed a three-phase plan to recommence its gaming operations, which
plan is outlined below The sequence is subject to change.

Phase 1 - Resume Sweepstakes
Operations. The Company resumed its sweepstakes operations in April 2025 in conjunction with the WinTogether trust. The event was
marketed under the DonateTo.Win brand. The launch was limited to Florida residents and awarded a prize for a VIP experience at the 2025
Formula 1 Crypto.com Miami Grand Prix 2025. The launch confirmed that the core sweepstakes platform is fully operational and ready to
scale for nationwide events. The Company is planning additional events in the remainder of 2025 offering pirzes related the Company’s
business’ in the entertainment and sports markets.

Phase
2 - Resume B2C Platform Operations. The Company believes that it will be in a position to relaunch its B2C Platform by the end of
2025. As of the date of this Report, the Company expects that it will initially relaunch its B2C Platform to customers in international
jurisdictions for a period of time before rolling it out to other jurisdictions, including the resumption of sales in the US. 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. 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.

Phase
3 - Other Business Lines and Projects. The Company expects to monetize the Sports.com brand, offer TicketStub.com services in international
jurisdictions, and expand the Concerts.com platform beyond ticket reselling, and partnering with licensed
providers in international jurisdictions to supply digital lottery games, and reviving other products and services that were
under development when the Operational Cessation occurred.

7

As
of the date of this Report, the current estimated cash balance of the Company and subsidiaries is approximately $36,799. The Company
believes that this cash on hand, along with future borrowings, will be sufficient for the Company to resume its core operations.

As
of the date of this Report,