Company: LTRYW
Filing Date: 2025-05-14
Form Type: S-1/A
Source: 0001641172-25-010091
Chunk: 100

Company: Lottery.com Inc.
Filing Date: 2025-05-14
Form: S-1/A
Chunk 100
---
, the historical net tangible book value of our Common Shares was $913,989 or $0.05 per Common Share.

After giving effect to the
(i) sale by us of an additional total of 25,688,322 shares of Common Shares under the Stock Purchase Agreement assumed at $1.25 per Common
Share and (ii) receipt by us of the net proceeds of the Stock Purchase Agreement after deduction of discounts and other expenses payable
by us, our pro forma, as adjusted net tangible book value as of December 31, 2024 would have been $25,913,989, or $0.59
per Common Share. The difference between the public offering price per Common Share and the pro forma, net tangible book value per Common
Share represents an immediate increase in net tangible book value of $0.54 per Common Share to our existing shareholders, and
an immediate dilution in net tangible book value of $0.66 per Common Share to purchasers of Common Shares in this offering.

The
following table illustrates, this dilution to purchasers in this offering on a per Common Share basis:

| Assumed price per share under Stock Purchase Agreement                                                   |     | $ | 1.25 |     | 1.25 |
| Net tangible book value per share on December 31, 2024                                                   |     | $ | 0.05 |     | 0.49 |
| Increase in net tangible book value per share to the existing stockholders attributable to this offering |     | $ | 0.54 |     | 0.35 |
| Adjusted net tangible book value per share after this offering                                           |     | $ | 0.59 |     | 0.84 |
| Dilution in net tangible book value per share to new investors                                           |     | $ | 0.66 |     | 0.41 |

| 46 |

<div align='center'>SELECTED HISTORICAL CONSOLIDATED FINANCIAL DATA AND OPERATING DATA</div>

The following table presents our selected historical consolidated financial data for the periods indicated. The selected historical consolidated financial data for the years ended December 31, 2024 and December 31, 2023 are derived from our reviewed and audited financial statements, respectively.

Historical results are included for illustrative and informational purposes only and are not necessarily indicative of results we expect in future periods, and results of interim periods are not necessarily indicative of results for the entire year. The data presented below should