Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 128

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 128
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| Operating expenses:        |     |                             |            |     |     |            |     |     |          |   |     |     |        |   |
| Personnel costs            |     |                             |  4,761,186 |     |     |  4,570,206 |     |     |  190,980 |   |     |     |      4 | % |
| Professional fees          |     |                             |  5,436,831 |     |     |  5,654,504 |     |     | (198,339 | ) |     |     |     -4 | % |
| General and administrative |     |                             |  3,688,547 |     |     |  4,891,552 |     |     |  129,125 |   |     |     |     -5 | % |
| Depreciation               
 and amortization           |     |                             |  5,020,647 |     |     |  4,891,522 |     |     |  129,125 |   |     |     |      3 | % |
| Total                      
 operating expenses         |     |                             | 18,907,211 |     |     | 19,003,118 |     |     |  (95,907 | ) |     |     |     -1 | % |

Operating expenses for the year ended December 31, 2024 were $18.9 million, a decrease of $96,000, or (1%), compared to $19.0 million for the year ended December 31, 2023. Changes in personnel costs and general and administrative expenses essentially offset and there was a net decrease of $96,000 between professional fees and depreciation and amortization.

Personnel Costs.Personnel
costs increased by $191,000, or 4%, from $4.6 million for the year ended December 31, 2023, to $4.8 million for the year ended
December 31, 2024. The increase was due primarily due to increases in base compensation and related payroll taxes for the
Company’s three officers approved by the Compensation Committee of our Board of Directors for 2024.

Professional Fees.Professional
fees decreased by $218