Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 42

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 42
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25.6 million for the years ended December 31, 2023
and December 31, 2022, respectively. As of December 31, 2024, we had an accumulated deficit of approximately $258.9 million. While we
have received some limited revenue since the U. S. 2022 Operational Cessation, we cannot predict when or whether we will be able to fully
restart our operations or whether or not we will be able to reach profitability at any time in the future.

  22  

We
also expect our operating expenses to increase in the future as we continue to invest for our future growth, which will negatively affect
our results of operations if our total revenue does not increase. We cannot ensure that these investments will result in substantial
increases in our total revenue or improvements in our results of operations. In addition to the anticipated costs to grow our business,
we also expect to incur significant additional legal, accounting, and other expenses as a public company. Once we fully restart our operations,
any failure to increase our revenue or to manage our costs could prevent us from achieving or maintaining profitability or positive cash
flow.

Our
business may be materially adversely affected if our products, technology, services, and solutions do not achieve and maintain broad
market acceptance, if we are unable to keep pace with or adapt to rapidly changing technology, evolving industry standards, and changing
regulatory requirements, or if we do not invest in product and systems development and provide services that are attractive to our users
and customers.

Our
future business and financial success will depend on our ability to anticipate the needs of potential users and customers, to achieve
and maintain broad market acceptance for our existing and future products, services, and systems, to successfully introduce new and upgraded
products, services, and systems, and to successfully implement our current and future geographic expansion plans. To be successful, we
must be able to quickly adapt to changes in technology, industry standards, and regulatory requirements by continually enhancing our
technology, services, and solutions. Developing new services and upgrades to services, as well as integrating and coordinating current
services, imposes burdens on our internal teams, including management, compliance, and product development. These processes are costly,
and our efforts to develop, integrate, and enhance our products, services, and systems may not be successful. In addition, successfully
launching a new or upgraded product or expanding into a new jurisdiction will put additional strains on our financial, technology and
marketing resources. Expanding