Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 18

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 18
---
 international jurisdictions, to purchase certain legally operated lottery games from us which could be
resold to users located within their respective jurisdictions (“B2B API”); and (iii) delivering global lottery data, such
as winning numbers and results, and subscriptions to data sets of our proprietary, anonymized transaction data pursuant to multi-year
contracts to commercial digital subscribers (“Data Service”).

| 6 |

Mobile Lottery Game Platform Services

Both our B2C Platform and our
B2B API provided users with the ability to purchase legally sanctioned draw lottery games via a mobile device or computer, securely maintain
their acquired lottery game, automatically redeem a winning lottery game, as applicable, and receive support, if required, for the claims
and redemption process. Our registration and user interfaces were designed to be easy to use, provide for the creation of an account
and purchase of a lottery game with minimum friction and without the creation of a mobile wallet or requirement to pre-load minimum funds
and - importantly - to provide instant confirmation of the user’s lottery game numbers, whether selected at random or picked by
the user. Users of our B2C Platform services paid a service fee and, in certain non-U.S. jurisdictions, a mark-up on the purchase price.
Prior to the 2022 Operational Cessation in the U.S., we generated revenue from this service fee and mark-up. Our U.S. based B2B API Platform
resumed limited operations in April 2023. As of the date of this Report, our U.S. based B2C Platform is not currently operational. We
anticipate that it will become operational by the summer of 2025.

The WinTogether Platform

Prior to the Operational Cessation,
we operated and administered all U.S. sweepstakes offered by WinTogether, a U.S. registered 501(c)(3) charitable organization (“WinTogether”),
which was formed in April 2020 to support charitable, educational, and scientific causes. In consideration of our operation of the WinTogether
platform and administration of their sweepstakes, we received a percentage of the gross donations to a campaign, from which we paid certain
dividends and all administration costs.

The WinTogether platform continued
operating after the U.S. 2022 Operational Cessation, until all sweepstakes campaigns were completed and all prizes awarded. On March 29,
2023, the board of directors of WinTogether voted to suspend its relationship with the Company. On December 5,