Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 240

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part II, Item 8
Chunk 240
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uegaLotto is licensed
by Mexico authorities to commercialize international lottery games in Mexico through an authorized gaming portal and to commercialize
games of chance in other countries throughout Latin America. As of the date of this Report, according to Statista, the estimated size
of the Latin American lottery market is $.68 billion with a compound annual growth rate projected at 6.05% through 2028. Furthermore,
it is projected that there will be 3,000,000 online lottery players in the South American lottery market alone by 2028. Based on these
projections, we believe these acquisitions will provide opportunities for growth of our international operations throughout Mexico and
Latin America as we expand our portfolio of products and expose our existing products to new markets.

The
Company completed the acquisition of Spektrum Ltd from PlusEvo Ltd through a Share Purchase Agreement (SPA) executed on March 13,
2025. This acquisition, valued at $1.5 million in common stock at $3 per share, supports Lottery.com’s strategic expansion and
the development of Lottery.com International. The acquisition provides the Company with a compliant platform to support lottery,
sweepstakes and social gaming operations in dozens of international jurisdictions.

4

Operations
Prior to Operational Cessation

Prior
to the Operational Cessation, the Company was a provider of domestic and international lottery products and services. As an independent
third-party lottery game service, we offered a platform that we developed and operated to enable the remote purchase of legally sanctioned
lottery games in the U.S. and abroad (the “Platform”). Our revenue generating activities included (i) offering the Platform
via our Lottery.com app and our websites to users located in the U.S. and international jurisdictions where the sale of lottery games
was legal and our services were enabled for the remote purchase of legally sanctioned lottery games (our “B2C Platform”);
(ii) offering an internally developed, created and operated business-to-business application programming interface (“API”)
of the Platform, which enabled our commercial partners, in permitted U.S. and international jurisdictions, to purchase certain legally
operated lottery games from us and to resell them 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”).

Mobile
Lottery Game Platform Services

Both