Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 235

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 235
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 was $46 thousand, a decrease of $50 thousand, or 52%, compared to cost of revenue of $96 thousand for the three months ended June 30, 2023. $37 thousand of the decrease was in the core domestic lottery business and $13 thousand was in Global Gaming.

Gross Profit. Gross profit
for the three months ended June 30, 2024 was $211 thousand compared to $560 thousand for the three months ended June 30, 2023, a decrease
of $348 thousand, or 62%. The change in gross profit is correlated to the change in revenue as described above.

| F-36 |

Operating Costs and Expenses.

|                               |     | For the three months Ended June 30, |            |   |     |      |            |   |     |          |           |   |     |          |     |   |
|                               |     |                                2024 |            |   |     | 2023 |            |   |     | $ Change |           |   |     | % Change |     |   |
| Operating expenses:           |     |                                     |            |   |     |      |            |   |     |          |           |   |     |          |     |   |
| Personnel costs               |     |                                     |  1,789,986 |   |     |      |  1,306,007 |   |     |          |   483,979 |   |     |          |  37 | % |
| Professional fees             |     |                                     |  2,305,847 |   |     |      |  1,112,310 |   |     |          | 1,193,537 |   |     |          | 107 | % |
| General and administrative    |     |                                     |    674,543 |   |     |      |    964,502 |   |     |          |  (289,959 | ) |     |          | -30 | % |
| Depreciation and amortization |     |                                     |  1,330,745 |   |     |      |  1,392,158 |   |     |          |   (61,413 | ) |     |          |  -4 | % |
| Total Operating Expenses      |     |                                     |  6,101,121 |   |     |      |  4,774,977