Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 144

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 8
Chunk 144
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Loss) by Jurisdiction

                2024                                          2023                   
                Year                                                                 
                ended December 31, 2023                                              
                2024                                          2023                   
  Domestic      $                            (25,047,740      $         (25,567,244  
 ─────────────────────────────────────────────────────────────────────────────────────
  Foreign                                     (3,513,957                      3,545  
  Total                                      (28,561,697                (25,563,699  

The
provision for income taxes for continuing operations for the year ended December 31, 2024 and 2023 consist of the following

Schedule of Income Tax for
Continuing Operations

                                    2024                                     2023              
                                    Year                                                       
                                    ended December 31, 2024                                    
                                    2024                                     2023              
 ───────────────────────────────────────────────────────────────────────────────────────────────
  Current                                                                                      
  Federal                           $                            0           $         0       
  State                                                          26,315                60,000  
  Foreign                                                        0                     0       
  Total                                                          26,315                60,000  
  Deferred                                                                                     
  Federal                                                        -                     -       
  State                                                          -                     -       
  Foreign                                                        -                     -       
  Total                                                          -                     -       
  Total                             $                            26,315      $         60,000  

A
reconciliation between the amount of reported income tax expense (benefit) and the amount computed by multiplying income from continuing
operations before income taxes by the statutory federal income tax rate is shown below. Income tax expense for the year ended December
31, 2024 includes state minimum taxes, permanent differences, and deferred tax assets for which a full valuation allowance has been placed.

Schedule
of Increase in the Valuation Allowance

                                                       2024                                         2023                  
                                                       Year                                                               
                                                       ended December 31, 2024                                            
                                                       2024                                         2023                  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Tax                                                  $                            (5,510,503      $         (5,369,121  
  State                                                                                 26,315                    60,000  
  Foreign                                                                                  319                       319  
  Permanent                                                                          1,203,361                 1,203,361  
  Other                                                                                                                   
  Change                                                                             4,254,193                 4,