Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 240

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 240
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 2,774,665 |   |     |      |  2,563,441 |   |     |          |   211,224 |   |     |          |   8 | % |
| Professional fees             |     |                                   |   5,509,856 |   |     |      |  1,852,238 |   |     |          | 3,657,658 |   |     |          | 197 | % |
| General and administrative    |     |                                   |     971,194 |   |     |      |  1,301,830 |   |     |          |  (330,636 | ) |     |          | -23 | % |
| Depreciation and amortization |     |                                   |   2,615,728 |   |     |      |  2,797,638 |   |     |          |  (181,910 | ) |     |          |  -6 | % |
| Total operating expenses      |     |                                   |  11,871,483 |   |     |      |  8,515,147 |   |     |          | 3,356,336 |   |     |          |  39 | % |
| Loss from operations          |     |                                   | (11,484,523 | ) |     |    $ | (7,370,404 | ) |     |          | 4,114,119 |   |     |          |  56 | % |

Operating expenses for the six
months ended June 30, 2024 were $11.9 million, an increase of $3.4 million, or 39%, compared to $8.5 million for the six months ended
June 30, 2023. The increase was primarily driven by an increase of $3.7 million in professional fees accompanied by an increase in personnel
costs by $211 thousand, partially offset by decreases in general and administrative expenses of $330 thousand and depreciation and amortization
by $182 thousand. Reasons for these decreases are described below.

Personnel Costs. Personnel
costs increased by $211 thousand from $2.6 million for the six months ended June 30, 2023, to $2.8 million for the six months ended June
30, 2024. The composition of the team is different for the six months ended June 30, 202